The launch of the Ethereum spot ETF is another historic initiative. Wall Street will gradually realize the huge value of Ethereum.
Let's take a look at the inflow and outflow of funds of various ETFs on the first day to judge the current enthusiasm of Wall Street:
1. Grayscale ETHE: outflow of 484 million
2. Grayscale ETH: inflow of 15 million
3. Bitwise: inflow of 204 million
4. Fidelity: inflow of 71.3 million
5. Franklin: inflow of 13 million
6. 21 Shares: inflow of 7.5 million
7. BlackRock: inflow of 72.1 million
8. VanEck: inflow of 45 million (from Grok, may not be accurate)
9. Invesco: inflow of 12 million (from Grok, may not be accurate)
The outflow of funds is about 44 million.
The trading volume on the first day exceeded 1 billion, second only to Binance spot 1.7 billion.
This shows that the transaction is relatively active. Although it does not mean that a large number of investors have poured in, at least Grayscale's selling pressure is not as exaggerated as some people say.
I think this is a silent process. It is difficult to judge short-term fluctuations, but in the long run it will definitely greatly promote the healthy development of the entire Ethereum ecosystem.
