Spot Ethereum ETFs are off to a booming start after yesterday's market launch, with more than $1 billion pouring into the long-awaited products.
But the price of the second-largest digital asset by market Capital remained largely unchanged despite heavy volume . ETH is currently trading at $3,476, almost flat over the past 24 hours. In the past seven days, this asset has not had any changes.
Source: TradingView
ETH ETFs began trading on US stock exchanges after the Securities and Exchange Commission (SEC) gave the green light in May. Although they have significant volume , there is still no information available. details about cash inflows and outflows of each fund.
Bloomberg ETF analyst James Seyffart wrote on X:
“My prediction for intraday cash flow will range from $125 million to $325 million but will depend on how many investors these companies raise.”
Of the nine funds, Grayscale's Ethereum Trust (ETHE) handled the most volume, with $461 million in shares traded.
Next is BlackRock's iShares Ether Trust (ETHA), with $244.7 million, followed by Fidelity's Fidelity Ethereum Fund (FETH), which has processed $138.5 million in volume to date.
Bitwise's Ethereum (ETHW) fund reached a volume of less than $100 million, while VanEck's reached about $45 million.
Grayscale's Mini ETH ETF (ETH) handles $63.8 million. Products from Franklin Templeton, Invesco and 21 Shares handled the smallest volume at $15.9 million, $12 million and $8.6 million, respectively.
Analysts say these funds will achieve only a fraction of the Capital that Bitcoins garnered in their January launch.
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