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

Odaily News Ethereum ETFs saw cumulative volume approaching $1 billion on their second day of trading in U.S. markets. Ethereum spot ETFs saw cumulative volume of about $951 million on Wednesday, according to Yahoo Finance data compiled by The Block Pro Research. On Tuesday, the funds saw $1.054 billion in volume on their first day on the market. Grayscale Ethereum Trust (ticker: ETHE) led again, with about $492 million in volume, or about 52% of total volume. It was followed by BlackRock’s iShares Ethereum Trust (ETHA) ($256 million) and Fidelity Ethereum Fund (FETH) ($113 million). The ETFs saw net inflows of $106.7 million on Tuesday, bringing their total assets under management to more than $10 billion, according to SosoValue data. Grayscale Ethereum Trust experienced a net outflow of $484.1 million, making it the only fund to see outflows. For Tuesday’s debut, Bloomberg’s James Seyffart said the ETF launch was “largely” in line with his expectations. “If we compare it to a standard ETF launch, it’s been a huge success,” Seyffart said.