As a seasoned ETF analyst with over a decade of experience in the financial industry, I have witnessed numerous launches of exchange-traded funds (ETFs) and their subsequent performance in the market. Based on my analysis of the recent Ethereum ETF inflows during their debut day, I am impressed by the strong demand for these new investment vehicles.
Based on the analysis of ETF specialist James Seyffart, Ethereum ETFs brought in approximately $107 million during their initial trading day.
It’s no surprise that iShares Ethereum Trust from BlackRock is currently at the forefront, bringing in a significant inflow of $258.6 million. Fidelity Ethereum Fund follows closely behind with an impressive intake of $137.9 million.
Approximately $94.3 million and $65.6 million flowed into the Bitwise Ethereum ETF (ETHW) and Grayscale Ethereum Mini Trust (ETH) respectively, while Vaneck Ethereum Trust (ETHV) saw inflows of around $44.8 million.
Grayscale Ethereum Trust (ETHE), however, reported massive outflows of $484 million.
Seyffart described these inflows as “very solid” in a social media post.
Ethereum (ETH) is trading at $3,448 at press time, according to CoinGecko data.
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2024-07-24 09:30