Ethereum ETFs launched, but fell short of Bitcoin

- New Ethereum (ETH) spot ETFs raised $100 million on their first day of trading, but that's only 10-20% of Bitcoin's (BTC) debut in January.

- Analysts believe that ETH is more difficult to sell to traditional investors.

- The top three ETFs—Blackrock, Bitwise, and Fidelity—raised $266 million, $204 million, and $71 million, respectively.

- However, the old Grayscale ETHE fund lost $484 million.

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