Deniz 
With almost $1 billion in trading activity, U.S. spot Ethereum exchange-traded funds saw $106.7 million in net inflows on their first day of trading.
Tuesday was the first day the nine separate ETFs from eight issuers started trading. Data from SosoValue shows that the Grayscale Ethereum Trust (ETHE) recorded $484.1 million in net outflows, the only one noting outflows among the funds.
Blackrock’s ETHA led the inflow pack with $266.55 million, followed by Bitwise ETHW’s $204 million, Fidelity FESH’s $71.31 million, and Grayscale’s Ethereum Mini Trust with $15.15 million in net inflows.
Yahoo Finance data gathered by Block Pro Research shows that the nine ETFs had an overall trading volume of $1.05 billion. SosoValue data indicates that these spot Ethereum ETFs already have under-control assets of over $10 billion.
On Tuesday, spot bitcoin ETFs in the United States had $77.97 million move out of the funds, effectively breaking a 12-day run of positive flows, SosoValue data indicated. With net outflows of $70.32 million, Bitwise’s BITB logged the most among the ETFs. After that came Ark’s $52.29 million and Grayscale GBTC’s $27.31 million in net outflows.
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