Spot Ethereum ETFs Trading Volume Surpassed $1 Billion on the First Day
23.07.2024 22:47 1 min. read Alexander Stefanov
The first day of trading for spot Ethereum ETFs has gone beyond expectations with incredible volume and inflows.
At first market analysts and experts forecasted that spot Ethereum ETFs will not attract that much investments.
However, this is not the case, as the daily inflows reached over $885.3 million with a trading volume $1.137 billion. Grayscale Ethereum Trust (ETHE) and the Fidelity Ethereum Fund (FETH) recorded the highest inflows out of all 9 instruments.
In comparison during the first day of trading for spot Bitcoin ETFs, the trading volume reached $4.66 billion with a $655 million daily inflows.
READ MORE:
Is the Altcoin Season Approaching?
At the time of writing Ethereum is trading at $3,488 after a 1.35% surge in the past hour and hasa trading volume of around $23.6 billion
-
1
Altcoins See Major Rebound as Institutional Investors Pour Millions Into Crypto Products
01.04.2025 14:00 1 min. read -
2
Fidelity Moves Forward with Spot Solana ETF as SEC Acknowledges Filing
04.04.2025 8:00 2 min. read -
3
Binance Announces Next Megadrop: New Airdrop Listing Confirmed
08.04.2025 20:00 2 min. read -
4
First Leveraged XRP ETF Set to Hit the U.S. Market
08.04.2025 11:16 2 min. read -
5
Coinbase Seeks CFTC Approval for XRP Futures Amid Regulatory Shifts
04.04.2025 17:00 2 min. read
ARK Invest Makes Bold Move into Solana with Staked ETF Bet
ARK Invest has quietly deepened its exposure to Solana by adding a staked SOL investment to two of its tech-focused ETFs, signaling growing confidence in the blockchain’s long-term potential.
Altcoin ETFs Flood SEC as Bitcoin Maintains Unshakable Market Dominance
The U.S. Securities and Exchange Commission (SEC) is warming up to the idea of expanding the crypto ETF landscape beyond Bitcoin, with 72 crypto-related ETF proposals now awaiting review.
XRP Futures Go Live on Coinbase, Opening Doors to Institutional Investors
Coinbase has officially rolled out CFTC-regulated futures contracts tied to XRP, marking a significant step forward for institutional adoption of the Ripple-associated token.
Tether’s $1B Mint Spurs Speculation as Bitcoin Bounces Back After Powell–Trump Clash
A fresh wave of speculation has hit the crypto market following a hefty stablecoin issuance by Tether, which quietly minted $1 billion worth of USDT on the Tron network earlier today.
-
1
Altcoins See Major Rebound as Institutional Investors Pour Millions Into Crypto Products
01.04.2025 14:00 1 min. read -
2
Fidelity Moves Forward with Spot Solana ETF as SEC Acknowledges Filing
04.04.2025 8:00 2 min. read -
3
Binance Announces Next Megadrop: New Airdrop Listing Confirmed
08.04.2025 20:00 2 min. read -
4
First Leveraged XRP ETF Set to Hit the U.S. Market
08.04.2025 11:16 2 min. read -
5
Coinbase Seeks CFTC Approval for XRP Futures Amid Regulatory Shifts
04.04.2025 17:00 2 min. read
