Ether ETFs start trading, preliminary inflow data revealed

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Analyst Eric Balchunas says that initial inflows into the Ether ETFs accounted for roughly 50% of Bitcoin ETF inflows on day one.

Ether exchange-traded funds (ETFs) are now officially trading on stock exchanges, and the preliminary inflow data for the first 15 minutes of trading has been revealed by analysts.

According to Bloomberg senior ETF analyst Eric Balchunas, Bitwise outperformed its competitors during the first quarter-hour of trading, recording $25.5 million in capital inflows, second only to Grayscale’s Ethereum Trust, created in 2017.

Total inflows into the nine Ether investment vehicles reached $112 million in the first 15 minutes of trading, which is far more than traditional ETF offerings, the Bloomberg analyst claimed.

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