Ethereum ETFs Reach $1 Billion on Day One Despite Stable ETH Price
Ethereum ETFs made a remarkable debut, attracting over $1 billion in investments on their first day of trading despite Ethereum's stable price. The ETFs began trading on U.S. stock exchanges following SEC approval, with Grayscale's Ethereum Trust leading in trading volume. While Ethereum's price remained unchanged at $3,479, the trading volumes of these ETFs varied, with top performers including Grayscale, BlackRock, and Fidelity. Despite the strong start, Ethereum ETFs lagged behind Bitcoin ETFs, which reached $4.5 billion on their launch day.
2024-07-24Read