Ethereum ETFs Debut with “Very Solid” Inflows

According to ETF analyst James Seyffart, Ethereum exchange-traded funds (ETFs) managed to record $107 million worth of inflows during their debut day.

As expected, BlackRock's iShares Ethereum Trust (ETHA) is in the lead when it comes to the amount of inflows with an impressive $258.6 million. Fidelity Ethereum Fund (FETH) comes in second place with $137.9 million.

Bitwise Ethereum ETF (ETHW) and Grayscale Ethereum Mini Trust (ETH) attracted $94.3 million and $65.6 million worth of inflows, respectively. Vaneck Ethereum ETH (ETHV) is also in the top 5 with $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.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].

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