Ethereum funds are entering the test of demand for cryptocurrencies after the launch of their counterpart Bitcoin 6 months ago
The first American traded funds to invest directly in the cryptocurrency Ethereum recorded a net investment inflow of $107 million after its official launch yesterday, Tuesday, according to data compiled by Bloomberg.
BlackRock's iShares Ethereum Trust achieved the highest total at $267 million, followed by Bitwise Ethereum at $204 million, then Fidelity Ethereum Fund. ) by 71 million dollars.
The market also traded more than $1 billion worth of shares of the nine ETFs on Tuesday.
The launch of Ethereum funds comes six months after US regulators allowed the first spot funds traded in Bitcoin. These funds have attracted net investment flows of more than $17 billion since the beginning of this year until now.