US Spot Ethereum ETFs Saw Net Inflows of $106.7 Million On First Trading Day

U.S. spot Ethereum exchange-traded funds recorded $106.7 million in net inflows on its first day of trading, with over $1 billion in trading volume. The nine different ether ETFs from eight issuers began trading on Tuesday. The Grayscale Ethereum Trust (ETHE) saw $484.1 million in net outflows — the only one logging outflows among the funds, according to data from SosoValue.Blackrock’s ETHA led the inflow pack with $266.55 million, followed by Bitwise ETHW’s $204 million, Fidelity FETH’s $71.31 million, and Grayscale’s Ethereum Mini Trust with $15.15 million in net inflows. The total trading volume for the nine ether ETFs amounted to $1.05 billion, according to Yahoo Finance data compiled by The Block Pro Research. These spot Ethereum ETFs have already amassed over $10 billion in assets under management, SosoValue data shows. Meanwhile, spot bitcoin ETFs in the U.S. saw $77.97 million flow out of the funds on Tuesday, ending a 12-day streak of positive flows, SosoValue data showed. Bitwise’s BITB logged $70.32 million in net outflows — the largest net outflows among the ETFs. That was followed by Ark and 21Shares ARKB’s $52.29 million and Grayscale GBTC’s $27.31 million in net outflows.

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