@mylesmaritza33
The first spot Ethereum ETFs in the US hit the ground running on Tuesday, with several experiencing high trading volumes right out of the gate.
These first Ether ETFs recorded over $1b in total trading volume across nine funds. This impressive debut positions them strongly, although they didn’t surpass the massive launch of Bitcoin ETFs. Still, some even ranked among the top 50 highest-traded US ETF launches ever.
BlackRock’s iShares Ethereum Trust ETF emerged as a star performer on its debut day, according to analyst James Seyffart’s figures. The ETF racked up $258.6m in trading volume on its first day, placing it among the top performers ever for a new ETF launch. Grayscale’s recently converted Ethereum ETF had a stellar debut, clocking in at nearly $470m in trading volume, which places it among the top 25 best-performing launches for ETFs ever. Meanwhile, another ETF from Bitwise Asset Management also enjoyed strong demand, exceeding $94m in trading volume.
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