Spot Ethereum (ETH) ETFs Finally Available for Trading! Here is the First Data…
Spot Ethereum ETFs generated $112 million in trading volume in first 15 minutes
With the opening of the US markets in the past minutes, spot Ethereum ETFs have finally started trading. Cryptocurrency investors have been waiting for an average of 2 months for the US Securities and Exchange Commission (SEC) to approve the spot ETH ETF S-1.
Bloomberg expert Eric Balchunas found that spot Ethereum ETFs generated $112 million in trading volume in the first 15 minutes. Here is the information Balchunas provided about spot ETH ETFs:
“A total of $112 million was traded in the first 15 minutes in Spot ETH ETFs (a huge amount compared to a normal ETF launch, but only half the volume pace of the first day of Bitcoin ETFs).
Additionally, Bitwise is seen as an Ethereum ETF with good early performance.
“I didn't include GBTC in my volume comparison of Bitcoin ETFs (I was excluding it because it was new at the time) so if we include it, Ethereum ETFs make up about 20-25% of the volume of Bitcoin ETFs.”
