Ethereum ETFs See Mixed Results in First Trading Week
Despite significant initial outflows, new Ethereum ETFs attract over $1 billion in inflows.
- Combined trading volume for crypto funds hit $14.8 billion, the highest since May.
- Grayscale Ethereum Trust saw $1.5 billion in outflows, impacting net flows.
- BlackRock, Bitwise, and Fidelity ETFs collectively gained $927 million in inflows.
- Grayscale's new Ethereum Mini Trust attracted $164 million with its low fees.
- Analysts expect outflows to taper off, with potential for increased inflows.