The introduction of spot Ethereum ETFs in the United States has marked a noteworthy achievement for crypto fans and investors. The Ethereum ETF (ETHA) offered by BlackRock attracted the highest amount of new investments, totaling $266.5 million.
This resulted in a daily trading volume above $1 billion. The Grayscale Ethereum Trust (ETHE) witnessed substantial outflows amounting to $484.1 million, in contrast to other ETFs which observed a combination of inflows and outflows.
The Ethereum ETF offered by Bitwise, known as ETHW, experienced the second-largest increase in funds with around $204 million. Similarly, Fidelity’s Ethereum ETF, FETH, demonstrated robust success by attracting $71.3 million in new investments.
Franklin Templeton’s EZET accumulated $13.2 million. Several other ETFs experienced inflows in the single digits, resulting in a total cumulative inflow of $106.6 million.
The investment flows for the new Ethereum ETFs exhibit varied investor sentiments, with BlackRock’s ETHA and Bitwise’s ETHW witnessing substantial inflows, Grayscale’s ETHE encountering significant withdrawals, and Fidelity’s FETH and Franklin Templeton’s EZET enjoying noteworthy inflows.
The introduction of these ETFs is a significant milestone for the cryptocurrency sector, offering investors fresh avenues to invest in Ethereum.
