The launch of the Ethereum spot ETF is another historic breakthrough. Wall Street will eventually gradually recognize the huge value of Ethereum.
Below is the inflow and outflow of funds of each ETF on the first day:
1. Grayscale ETHE: outflow of 484 million
2. Grayscale ETH: inflow of 15 million
3. Bitwise: inflow of 204 million
4. Fidelity: inflow of 71.3 million
5. Franklin: inflow of 13 million
6. 21 Shares: inflow of 7.5 million
7. BlackRock: inflow of 72.1 million
8. VanEck: inflow of 45 million
9. Invesco: inflow of 12 million
The net outflow of funds is about 44 million. The trading volume on the first day exceeded 1 billion US dollars. This trading volume is not small. There is still a lot of room in the future. At the beginning, the net outflow was mainly Grayscale's selling, similar to Bitcoin, and then it gradually became a net purchase.
