đ **Crypto News Flash: Mixed Start for U.S. Spot Ethereum ETFs!**
- **Launch Week Highlights:**
- Nine Ethereum ETFs debuted on July 23, following SEC approval in May.
- Mixed performance: Most saw net inflows, but Grayscaleâs ETHE faced $1.51 billion in outflows.
- **Key Players:**
- **Top Inflows:** BlackRockâs ETHA ($442M), Bitwiseâs ETHW ($265.9M), Fidelityâs FETH ($219.4M).
- **Grayscaleâs Struggle:** High fees (2.5%) drove investors to cheaper options, leading to significant outflows.
- **Market Trends:**
- Ethereum ETFs saw $4.05B in trading volume in the first week.
- Bitcoin ETFs outperformed with $7.85B in the same period.
đŹ **What are your thoughts on the future of Ethereum ETFs? Share in the comments!**
#Crypto #Ethereum #ETFs #Blockchain