In the first week of trading, the new spot Ether ETFs saw approximately $484 million in net outflows, influenced by the impact of Grayscale's Ethereum Trust (ETHE) and a weak equity market performance. Despite this, trading volumes were robust, exceeding $5.8 billion. The outflows from Grayscale's ETHE, totaling $1.9 billion, were largely anticipated as many investors had been tied to this trust for several years. Additionally, ETHE's 2.5% fees were significantly higher than those of the newer ETFs, most of which began with 0% fees.

When excluding $ETHE, the Ether ETFs actually recorded nearly $1.5 billion in net inflows since their launch. To put this in perspective, Ethereum's market cap is about 28% of Bitcoin's, while U.S. spot Bitcoin ETFs have accumulated over $17 billion in net inflows.

This comparison highlights the growing interest in Ethereum, despite the initial challenges faced by some of the newer funds. As the market continues to evolve, these ETFs are likely to attract even more attention from investors seeking exposure to Ether.

#ETFvsBTC #Write2Earn! #BullBanter #MarketDownturn #XRPVictory