21Shares ETH Spot ETF sees $7.4 million inflows on first day of trading

IconCryptoNewsTerminal Staff23 Jul, 2024

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21Shares ETH Spot ETF sees $7.4 million inflows on first day of trading

21Shares Ethereum Spot ETF on Solid Start: $7.4 Million Inflows on First Day The recently launched 21Shares Ethereum (ETH) Spot ETF (ticker: CETH), traded on the US stock exchange, had a successful debut, attracting $7.4 million in inflows on its first day of trading. This figure was reported by Bloomberg ETF specialist James Seyffart on Twitter. In the US market, nine ETH spot ETFs commenced trading on the same day (local time). Notably, Bitwise's ETHW recorded the highest inflows at $204 million, while Franklin Templeton's EZETH followed with inflows of $13.2 million. Data on inflows for more prominent players, including BlackRock's ETHA, Fidelity's FETH, and Grayscale's ETHE, are yet to be made available. It's worth mentioning that the combined trading volume of ETH spot ETFs surpassed the $1 billion mark on their first day of trading, with Grayscale's ETHE contributing nearly half of that volume.

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