Based on the recent data, the nine newly introduced ethereum exchange-traded funds (ETFs) saw $106.78 million in inflows on Tuesday. Blackrock took the lead with $266.55 million in trading volume throughout the day.
Blackrock Dominates Inflows as Nearly Half a Billion Exits ETHE
The newly introduced ethereum ETFs performed admirably on Tuesday, registering their first day of gains. Over the course of the day, $1.11 billion was traded across all nine funds. They collectively garnered $106.78 million in gains, though this figure could have been higher if Grayscale’s ETHE had not seen $484.11 million in outflows. All other funds experienced inflows except for ETHE.
Blackrock’s ETHA led the gains, amassing $266.55 million, followed by Bitwise’s ETHW, which accrued $204.02 million. Fidelity’s FETH secured $71.31 million, and Grayscale’s Mini Ethereum Trust (ETH) absorbed $15.15 million, according to sosovalue.xyz. Franklin Templeton’s EZET recorded $13.21 million in gains, while Vaneck’s ETHV saw $7.64 million in inflows.
21shares’ fund CETH gained $7.47 million, and Invesco’s QETH saw approximately $5.54 million in inflows. In total, the funds now hold $10.24 billion in ETH reserves, representing 2.45% of ETH’s market valuation as of July 24. While ETH funds attracted $106.78 million in inflows on Tuesday, U.S.-based spot BTC ETFs experienced outflows of around $77.97 million.
What do you think about the ether ETF inflows on Tuesday? Share your thoughts and opinions about this subject in the comments section below.
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Source: Bitcoin
