🚨 Cryptocurrency news 🚨

- On the first day of trading, US spot Ether (ETH) ETFs reached volume of $1.08 billion, which is only 23% of the volume of Bitcoin (BTC) spot ETFs on the first day.

- The largest volume was shown by Grayscale Ethereum Trust (ETHE) and BlackRock’s iShares Ethereum Trust (ETHA) - $458 million and $248.7 million, respectively.

- Fidelity Ethereum Fund (FETH) and Bitwise Ethereum ETF (ETHW) round out the top 4 with $94.3 million and $63.8 million.

- 21Shares-ETF did not reach $10 million.

- Analysts expect volumes to convert into inflows of between $125 million and $325 million.

Source: James Seyffart