#Ethereum ETFs Reached $1 Billion Trading Volume on the First Day! 🚀💸

Following approval in May,#EthereumETFslaunched today and reached a trading volume of over $1 billion on its first day. This is a big step and has a huge impact on the crypto world!

Grayscale maintains the high transaction fees it applies to#BitcoinETFs to its #EthETFs. The transaction fee for the Large Ether fund (ETHE) is 2.5%, and for the Mini Ether fund it is 0.15%. This fee difference could lead investors to exit Grayscale's large Ether fund (ETHE). So, due to high fees, investors may choose more cost-effective options, which may affect the liquidity of the fund. 📉💸

In the volume chart, ETHE takes the top spot, but due to high transaction fees, a large portion of this fund's trading volume is occupied by sales. Investors are reacting to higher fees and this indicates how the market will shape up. 🔄😅

In the past, after the launch of Bitcoin ETFs, there was a large sell-off of GBTC on Grayscale, resulting in short-term declines in the price of Bitcoin. Time will tell if there will be a similar development in Ethereum ETFs. 📉🤔

In conclusion, the launch of Ethereum ETFs is an important milestone for us crypto investors. The first day's activity seems to herald big changes for the bull market.