Ethereum ETF Day 1 beats ‘20% of BTC’ estimate

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 68%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

ETH ETF saw over $1 billion in trading volume and +$100 million in net inflows during the first day of trading, outperforming expectations.

ETFs had a remarkable debut, clocking over $1 billion in trading volumes. Grayscale’s ETHE, alongside BlackRock and Fidelity ETH ETFs, saw over $100 million in day 1 trading volumes.

Interestingly, ETHA hit $258 million in volume by the end of Tuesday’s trading session. That translates to about 26% of BlackRock’s IBIT first-day volume, beating the estimates.“Final figures on our end showing about $1.3 billion in total volume across ETH ETFs. Roughly 28% of BTC’s debut and substantially higher than most estimates between 15-20%.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in ERROR

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin ETF investors are ‘20% worse off’: Peter SchiffOn 28th June, BTC ETFs recorded a net inflow of $73 million with IBIT leading the pack with $82.4 million in inflows.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin ETF: ‘Hanging tough’ despite BTC’s ‘nasty’ 20% fall: Here’s howBitcoin ETF ramped up accumulation spree despite recent market drawdown initiating BTC recovery towards $60K. Will the recovery extend?
Source: CryptoAmb - 🏆 22. / 68 Read more »

IBIT stock soars 20% in 2 weeks as Bitcoin ETF sees $534M inflowsETF traders buying the dip as spot Bitcoin ETF has experienced a remarkable inflow of over $534 million in a single day.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Solana ETF Explained: How to Secure Your Spot SOL ETF in Simple Steps!After the launch of the first Bitcoin and Ethereum spot ETFs, the newly approved Solana (SOL) spot ETF is another attractive instrument in
Source: CryptoAmb - 🏆 22. / 68 Read more »

Ethereum ETF launch hype: ‘ETH pumping, altcoins following’Anticipation of the Ethereum ETF is boosting altcoins, yet ETH's price struggles prompting caution among analysts about its potential impact.
Source: CryptoAmb - 🏆 22. / 68 Read more »