Ethereum ETFs Debut With $1.11 Billion Volume, Led by BlackRock’s $266.5 Million Inflows

By: Eliza Bennet

The initial day of trading for newly launched Ethereum ETFs saw significant activity, drawing a total of $1.11 billion in volume. BlackRock's iShares Ethereum Trust ETF (ETHA) led the pack, attracting $266.5 million in inflows, reflecting strong investor confidence. Close on its heels, Bitwise Ethereum ETF (ETHW) saw inflows of $204 million.

Grayscale's Ethereum Trust (ETHE), although the highest in total volume at $469.7 million, experienced an outflow of $484.1 million, suggesting some investor repositioning. Other notable performances included Fidelity's Ethereum Fund (FETH) with $71.3 million and VanEck's Ethereum ETF (ETHV) with $7.6 million in inflows. Interesting to note is the $15.1 million inflow into Grayscale’s Ethereum Mini Trust (ETH).

Overall, the new market entrants debuted robustly with total inflows amounting to $590.9 million, excluding outflows from Grayscale’s ETHE. These Ethereum-focused investment vehicles appear to have met strong interest from institutional and retail investors, reinforcing the growing appeal of cryptocurrency investments.