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U.S. spot-ether ETFs exceed US$100 million net inflow in debut
U.S. exchange-traded funds investing directly in Ether achieved overall net inflows of US$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 posted the highest level of subscriptions on Tuesday, $267 million, followed by Bitwise Ethereum on $204 million and the Fidelity Ethereum Fund with $71 million, according to data compiled by Bloomberg. Over $1 billion worth of shares traded across the nine ETFs, whose launch comes six months after U.S. regulators permitted inaugural U.S. spot-Bitcoin ETFs. ... (full story)
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- Posted: Jul 24, 2024 12:45pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 169
