Ethereum spot ETF trading volume reaches $951 million on second day

Odaily Odaily News: On the second day of trading in the U.S. market, the cumulative trading volume of Ethereum ETFs approached $1 billion. According to Yahoo Finance data compiled by The Block Pro Research, the Ethereum spot ETF had a cumulative trading volume of approximately $951 million on Wednesday. On Tuesday, the funds had a trading volume of $1.054 billion on their first day on the market. Grayscale Ethereum Trust (code: ETHE) once again led the way, with a trading volume of approximately $492 million, accounting for approximately 52% of the total trading volume. It was followed by BlackRock's iShare Ethereum Trust (ETHA) ($256 million) and Fidelity Ethereum Fund (FETH) ($113 million). According to SosoValue data, these ETFs saw a net inflow of $106.7 million on Tuesday, with total assets under management exceeding $10 billion. Grayscale Ethereum Trust experienced a net outflow of $484.1 million, making it the only fund to experience outflows. For Tuesday's debut, Bloomberg's James Seyffart said the launch of the ETF was "basically" in line with his expectations. “If we compare it to a standard ETF launch, it’s been a huge success,” Seyffart said.