Deniz 
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 overall volume, the Grayscale Ethereum Trust (ticker: ETHE) dominated once more with roughly $492 million. Second in line were BlackRock’s Fidelity Ethereum Fund (FESH) ($113 million) and iShare Ethereum Trust (ETHA) ($256 million).
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 Grayscale Ethereum Trust, which suffered $484.1 million in net outflows.
About Tuesday’s debut, James Seyffart of Bloomberg Intelligence said the ETF launch “pretty much” matched his expectations. “If we compare it to a standard ETF launch, it was a smashing success,” Seyffart added.
Tuesday’s withdrawals for spot bitcoin ETFs totaled $77.97 million, therefore breaking a 12-day inflow run.
Founding partner of VC company Stratos, Rennick Palley, observed some early indicators of rotation from the spot Bitcoin ETFs into Ethereum ETFs, which he said is “an indication of interest in diversification across crypto assets in ETF form.”
Bitwise President Teddy Fusaro observed earlier Wednesday a trading disparity between spot Bitcoin ETFs and Ethereum ETFs.
“Ethereum ETFs have traded about $852 million in value today thus far. Bitcoin ETFs have traded about $1.1 billion,” On X, Fusaro noted. ” I am surprised that ETH ETFs are trading about 75% of the nominal value of BTC ETFs today—higher than I expected.”
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