First day of trading in Ethereum-ETF results:
✔️Total trading volume: $1.11 billion.
✔️Net capital inflow: $106.8 million.
✔️Top performer: iShares Ethereum Trust ETF by BlackRock - $266.5 million.
Grayscale’s $484 million fund, converted from a trust fund with nearly $11 billion in ETH, is expected to see no more outflows. Its commission is higher than competitors. Similar trends were seen with new funds in January.
In January, inflows slowed to $75.7 million for an investment-based ETF on its first day, while BlackRock’s ETF saw $111 million.
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