**Ether ETFs Make a Splash on Debut Day**

Ether exchange-traded funds (ETFs) in the U.S. saw a strong start, with a net inflow of $106.6 million on their first trading day. Leading the charge were BlackRock’s iShares ETF (ETHA) with $266.5 million and Bitwise’s Ethereum ETF (ETHW) with $204 million. Fidelity’s Ethereum Fund (FETH) followed with $71.3 million.

Despite these gains, Grayscale’s Ethereum Trust (ETHE) experienced significant outflows of $484.9 million, likely due to its recent conversion to a spot ETF, allowing easier share sales. This mirrors the outflows seen with Grayscale’s Bitcoin Trust earlier this year.

Other notable performers included Grayscale’s Ethereum Mini Trust with $15.2 million in inflows, Franklin Templeton’s fund (EZET) with $13.2 million, and 21Shares’ Core Ethereum ETF (CETH) with $7.4 million.

Overall, the new Ether ETFs generated $1.08 billion in trading volume, about 23% of what spot Bitcoin ETFs achieved on their debut. Despite the buzz, ETH’s price dipped slightly, trading at $3,451, down 1.4% in the last 24 hours.