Ethereum ETF

A top cryptocurrency ETF issuer has integrated Chainlink’s Proof of Reserves to enhance transparrency.

The launch of spot Ether ETFs in the U.S. has triggered a significant $2.2 billion inflow, the largest since December 2022, with a 542% increase in ETH exchange-traded products, as reported by CoinShares.

The new spot Ether ETFs launched this week have experienced consecutive net outflows over the past three trading days, with the Grayscale Ethereum ETF (ETHE) seeing over $1.5 billion in outflows within its first four days.

Grayscale’s Ethereum Trust ETF (ETHE) experienced significant withdrawals, with over $1.5 billion pulled out recently, including $356 million in a single day on July 26.

This week saw the debut of eight new spot Ethereum ETFs, which quickly garnered significant interest despite not including staking income.

Ethereum ETFs have had a strong start, with over $1 billion in trading volume on their first 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.

Binance assessed the potential effects of the newly launched spot Ethereum ETFs on the market. According to their blog, the US SEC’s approval of these ETFs is expected to significantly influence Ethereum (ETH) prices and the broader crypto market.

Coinbase is acting as the custodian for eight out of nine newly approved Ethereum (ETH) exchange-traded funds (ETFs), as reported by CEO Brian Armstrong.

On July 23, the launch of Ethereum ETFs generated considerable buzz in the cryptocurrency sector.