Spot Ethereum ETFs post $107M net inflows on first day

The newly launched spot ETH funds posted positive net inflows despite being weighed down by $485 million of bleeding from Grayscale’s Ethereum Trust.

United States Ether exchange-traded funds (ETFs) posted a net inflow of $106.6 million on their first day of trading — despite massive outflows from Grayscale’s freshly-converted Ethereum Trust.

BlackRock and Bitwise’s ETFs led the pack, with BlackRock’s iShares ETF (ETHA) posting $266.5 million and Bitwise’s Ethereum ETF (ETHW) with $204 million in net inflows.

Fidelity’s Ethereum Fund (FETH) came in third with $71.3 million.

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The newly launched spot ETH funds posted positive net inflows despite being weighed down by $485 million of bleeding from Grayscale’s Ethereum Trust.
United States Ether exchange-traded funds (ETFs) posted a net inflow of $106.6 million on their first day of trading — despite massive outflows from Grayscale’s freshly-converted Ethereum Trust.BlackRock and Bitwise’s ETFs led the pack, with BlackRock’s iShares ETF (ETHA) posting $266.5 million and Bitwise’s Ethereum ETF (ETHW) with $204 million in net inflows. Fidelity’s Ethereum Fund (FETH) came in third with $71.3 million.Read more