Ethereum ETFs Trade $951 Million on Second Day

On their second day in the U.S. markets, Ethereum ETFs traded close to $1 billion. The spot ether ETFs saw about $951 million in cumulative trading volume on Wednesday, following $1.054 billion on their debut day, as reported by Yahoo Finance and The Block Pro Research.

The Grayscale Ethereum Trust (ETHE) led the pack with $492 million, making up around 52% of the total volume. BlackRock’s iShare Ethereum Trust (ETHA) and Fidelity Ethereum Fund (FETH) followed with $256 million and $113 million, respectively.

On Tuesday, the ETFs saw $106.7 million in net inflows and amassed over $10 billion in assets under management, according to SosoValue data. Grayscale Ethereum Trust was the only fund with outflows, losing $484.1 million.

Bloomberg Intelligence’s James Seyffart mentioned that the ETF launch met his expectations, comparing it to a standard ETF launch and calling it a “smashing success.”

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Spot Bitcoin ETFs experienced $77.97 million in outflows on Tuesday, ending a 12-day inflow streak. Rennick Palley of VC firm Stratos noted early signs of rotation from Bitcoin ETFs to Ethereum ETFs, indicating a growing interest in diversifying crypto assets within ETF forms.

Bitwise President Teddy Fusaro highlighted the trading activity difference, noting Ethereum ETFs traded about $852 million, approximately 75% of the notional value of Bitcoin ETFs at $1.1 billion.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.