U.S. Spot Ether ETF Turnover at $951 Million in Second Trading Day

The U.S. Spot Ether ETF saw $951 million in turnover on its second trading day, compared to $1.054 billion on its first day, according to data. The Grayscale Spot Ether ETF (ETHE) again led the way on the second trading day, with about $492 million in volume, or about 52% of the total. It was followed by BlackRock's iShare (ETHA) at $256 million and Fidelity (FETH) at $113 million. These ETFs saw net inflows of $106.7 million on Tuesday, totaling more than $10 billion in assets under management, according to SosoValue data.Grayscale EtherTrust experienced net outflows of $484.1 million and was the only fund to see outflows. Bloomberg's James Seyffart said the ETF's launch was "largely" in line with his expectations, saying, "If we compare it to standard ETF launches, it's been a huge success."