Ethereum

🧵 Ethereum ETF, Post Mortem thread 🧵 

💠 The initial US ETFs that directly invest in Ethereum have seen impressive trading volumes on their debut, with over $0.5 billion transacted within the first few hours of market opening.

Still, this figure is a significant drop from the $4.6 billion traded during the launch of spot Bitcoin ETFs in January.

Nonetheless, judging by the first day's performance, these funds could potentially rank among the top 50 most popular debut US ETFs ever.

DeFi and Ethereum enjoyer. Passionate about decentralized finance and the future of digital assets 🚀

🌟 So, in total, Ethereum ETFs received $107 million in net inflows on the first day.

BlackRock's iShares Ethereum Trust showed the highest level of subscriptions with $267 million, followed by 

Bitwise Ethereum with $204 million and Fidelity Ethereum Fund with $71 million.

On Tuesday, more than $1 billion worth of shares were traded across nine ETFs.