The newly launched spot ETH funds posted positive net inflows despite being weighed down by $485 million of bleeding from Grayscale’s Ethereum Trust.
United States Ether exchange-traded funds (ETFs) posted a net inflow of $106.6 million on their first day of trading — despite massive outflows from Grayscale’s freshly-converted Ethereum Trust.
BlackRock and Bitwise’s ETFs led the pack, with BlackRock’s iShares ETF (ETHA) posting $266.5 million and Bitwise’s Ethereum ETF (ETHW) with $204 million in net inflows.
Fidelity’s Ethereum Fund (FETH) came in third with $71.3 million.
