{"id":25756,"date":"2024-07-25T11:00:22","date_gmt":"2024-07-25T08:00:22","guid":{"rendered":"https:\/\/coinengineer.io\/?p=25756"},"modified":"2024-07-25T09:58:48","modified_gmt":"2024-07-25T06:58:48","slug":"ethereum-etfs-hit-951m-in-day-two-trading","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ethereum-etfs-hit-951m-in-day-two-trading\/","title":{"rendered":"Ethereum ETFs Hit $951M in Day Two Trading"},"content":{"rendered":"<p><strong>Ethereum ETFs<\/strong> exchanged about $1 billion in total throughout their second day on American exchanges.<\/p>\n<p>Based on Yahoo Finance data, the spot ether ETFs issued on Wednesday had a total trading volume of over $951 million. On Tuesday, their first day on the market, the money exchanged totaled $1.054 billion.<\/p>\n<p>Comprising almost 52% of the overall volume, the <strong>Grayscale Ethereum Trust<\/strong> (ticker: ETHE) dominated once more with roughly $492 million. Second in line were BlackRock&#8217;s Fidelity <strong>Ethereum Fund<\/strong> (FESH) ($113 million) and <strong>iShare Ethereum Trust<\/strong> (ETHA) ($256 million).<\/p>\n<p>SosoValue data shows the ETFs accumulated over $10 billion in assets under management and recorded $106.7 million in net inflows on Tuesday. The sole fund with outflows was the <strong>Grayscale Ethereum Trust<\/strong>, which suffered $484.1 million in net outflows.<\/p>\n<p>About Tuesday&#8217;s debut, James Seyffart of Bloomberg Intelligence said the ETF launch &#8220;pretty much&#8221; matched his expectations. &#8220;If we compare it to a standard ETF launch, it was a smashing success,&#8221; Seyffart added.<\/p>\n<p>Tuesday&#8217;s withdrawals for spot bitcoin ETFs totaled $77.97 million, therefore breaking a 12-day inflow run.<\/p>\n<p>Founding partner of VC company Stratos, Rennick Palley, observed some early indicators of rotation from the spot Bitcoin ETFs into <strong>Ethereum ETFs<\/strong>, which he said is &#8220;an indication of interest in diversification across crypto assets in ETF form.&#8221;<\/p>\n<p>Bitwise President Teddy Fusaro observed earlier Wednesday a trading disparity between spot Bitcoin ETFs and <strong>Ethereum ETFs<\/strong>.<\/p>\n<p><em>&#8220;Ethereum ETFs have traded about $852 million in value today thus far. Bitcoin ETFs have traded about $1.1 billion,&#8221;<\/em> <a href=\"https:\/\/x.com\/teddyfuse\/status\/1816182809431859480\">On X<\/a>, Fusaro noted. <em>&#8221; I am surprised that ETH ETFs are trading about 75% of the nominal value of BTC ETFs today\u2014higher than I expected.&#8221;<\/em><\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum ETFs exchanged about $1 billion in total throughout their second day on American exchanges. Based on Yahoo Finance data, the spot ether ETFs issued on Wednesday had a total trading volume of over $951 million. On Tuesday, their first day on the market, the money exchanged totaled $1.054 billion. Comprising almost 52% of the<\/p>\n","protected":false},"author":6,"featured_media":25155,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1000,7075,2999],"class_list":["post-25756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ethereum-etf","tag-grayscale-ethereum-trust","tag-spot-ethereum-etf"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum ETFs Hit $951M in Day Two Trading - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/ethereum-etfs-hit-951m-in-day-two-trading\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum ETFs Hit $951M in Day Two Trading - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Ethereum ETFs exchanged about $1 billion in total throughout their second day on American exchanges. Based on Yahoo Finance data, the spot ether ETFs issued on Wednesday had a total trading volume of over $951 million. On Tuesday, their first day on the market, the money exchanged totaled $1.054 billion. 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