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Ether ETFs Trade Over $1 Billion in Strong Crypto-Fund Debut
The first US ETFs that invest directly in Ether made strong debuts, with some seeing relatively high trading volumes for their opening sessions. Over $1 billion shares traded between the nine exchange-traded funds. While that’s far from the $4.6 billion traded during the launch of spot-Bitcoin ETFs in January, it’s still a robust start for first-day ETFs. Several of the funds are finishing the day among the top 50 highest-traded US ETF debuts of all time. BlackRock’s iShares Ethereum Trust ETF (ticker ETHA) saw $248 million of shares exchange hands, clocking one of the highest-ever first-day traded values, ... (full story)
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- Posted: Jul 23, 2024 5:30pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 151
