@jopootrivatel
First day of trading in Ethereum-ETF. results.
- Cumulative trading volume: $1.11 billion.
- Net capital inflow to all funds (receipts minus outflows): $106.8 million.
- Leader in funds inflow: iShares Ethereum Trust ETF from BlackRock - $266.5 million.
The outflow of funds is expected to stop from Grayscale's $484 million fund. The difference between its ETF is that it was not created from scratch, but is a transformation of a trust fund that has existed for years, which at the time of launch had accumulated almost $11 billion in ETH coins.
The commission in this fund is noticeably higher than that of competing companies. A similar scenario was observed in the company's new funds in January.
By comparison, inflows slowed to $75.7 million on the first day of trading for the investment-based ETF in January. BlackRock's ETF received $111 million in capital on its first day
0 reply
0 recast
1 reaction