Spot Ethereum ETFs Register $107 Million Inflows on First Day, Led by BlackRock

Spot Ethereum ETFs saw a significant trading volume and net inflow on their debut day, recording $107 million in inflows. BlackRock led the market while the Grayscale Ethereum Trust (ETHE) experienced notable outflows.

First-Day Ethereum ETF Flows

On their first day of launch, Ethereum ETFs achieved a combined trading volume of $1 billion, amounting to 23% of the volume recorded by spot Bitcoin ETFs on their debut. BlackRock's Ethereum ETF (ETHA) stood out, recording $265 million in total inflows and securing the market leader position among its peers.

Bitwise Asset Management's Bitwise Ether ETF (ETHW) also performed well, attracting over $200 million in inflows, giving the asset manager an early lead over competitors such as Fidelity. The Fidelity Ether ETF (FETH) saw over $70 million in inflows, while other players like Invesco, 21Shares, VanEck, and Franklin recorded inflows between $5 million and $15 million.

However, Grayscale Ethereum Trust (ETHE) was a major detractor, experiencing a staggering $484 million in outflows, equivalent to 5% of its $10 billion in assets under management. This came a day after the asset manager transferred $1 billion to the Grayscale Ethereum mini-Trust to provide

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seed capital ahead of the launch.