US-based spot Ethereum ETFs reached $1 billion in trading volume through nine funds on the first trading day. The $106.7 million net inflow into the market was considered a strong start, albeit limited compared to the first day of Bitcoin ETFs.
The Grayscale Ethereum Trust (ETHE) saw net outflows of $484.1 million as investors shifted from older funds to newer, lower-fee funds. BlackRock stood out as the fund with the highest net inflows. While BlackRock ETHA recorded inflows of $266.5 million on the first day, other major funds also recorded notable inflows.
