US Spot-Ether ETFs Exceed $100 Million Net Inflow in Debut
- Funds listed on Tuesday in a test of wider crypto demand
- Over $1 billion worth of shares traded across the nine ETFs
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US exchange-traded funds investing directly in Ether raked in a net $107 million on their first day of trading in launches that will provide a window onto mainstream crypto demand outside of Bitcoin.
BlackRock Inc.’s iShares Ethereum Trust pulled in a net inflow of $267 million—the largest of the cohort— followed by Bitwise’s Ethereum Trust with $204 million and the Fidelity Ethereum Fund with $71 million, according to data compiled by Bloomberg.