ChainDD (WeChat ID: ChainDD) reported on July 25 that on the second day of trading in the U.S. market, the cumulative trading volume of Ethereum ETFs approached $1 billion. According to Yahoo Finance data compiled by The Block Pro Research, the cumulative trading volume of Ethereum spot ETFs on Wednesday was about $951 million. On Tuesday, the funds' first day of trading on the market was $1.054 billion. Grayscale Ethereum Trust (code: ETHE) once again led the way with a trading volume of about $492 million, accounting for about 52% of the total trading volume. It was followed by BlackRock's iShare Ethereum Trust (ETHA) ($256 million) and Fidelity Ethereum Fund (FETH) ($113 million).
According to SosoValue data, these ETFs saw $106.7 million in net inflows on Tuesday, with total assets under management exceeding $10 billion. Grayscale Ethereum Trust experienced $484.1 million in net outflows, making it the only fund to experience outflows. Regarding Tuesday's debut, Bloomberg's James Seyffart said the ETF launch was "mostly" in line with his expectations. "If we compare it to a standard ETF launch, it was a huge success," Seyffart said.
