Spot $ETH ETFs Debut with a Surge: A Prelude to Sustained Market Growth.

The launch of eight spot $ETH exchange-traded funds (ETFs) has made a splash in the market, with a staggering $600 million in trading volume recorded in just the first half of their debut day, Bloomberg reports.

Leading the charge is #GrayscaleETF Ethereum Trust, which alone accounted for $250 million of ETF shares traded. Not far behind is #BlackRock’s iShares Ethereum Trust, with an impressive $130 million.

However, it’s not all rosy. Bloomberg Intelligence’s senior ETF analyst, Eric Balchunas, suggests that a significant portion of this volume could represent outflows.

The market’s appetite for Ether ETFs is projected to be modest compared to their Bitcoin counterparts, with analysts at CoinDesk estimating a maximum demand of 20%. Factors such as lesser-known branding and the inability to stake Ether when purchasing fund shares are contributing to this conservative forecast.1ds, says @CoinDesk .

What do you think will hapen with the $ETH ETF spot? and which will be the next crypto in receive an #ETF ? Let the wolrd now.