Home » Altcoins » Spot Ethereum ETFs Trading Volume Surpassed $1 Billion on the First Day

Spot Ethereum ETFs Trading Volume Surpassed $1 Billion on the First Day

23.07.2024 22:47 1 min. read Alexander Stefanov
SHARE: SHARES
Spot Ethereum ETFs Trading Volume Surpassed $1 Billion on the First Day

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.

Image

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.

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

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.

Telegram

SHARE: SHARES
More Altcoins News
No Comments yet!

Your Email address will not be published.