How did the Ethereum spot ETF perform on its first day of trading? Transaction volume exceeds 1 bill
According to Bloomberg data, the newly launched Ethereum spot ETF had an expected trading volume of over $1 billion on its first trading day. However, this data cannot clearly indicate whether these transactions represent inflows or outflows of funds, nor can it distinguish whether the investors behind these trading volumes are investing from a long-term investment perspective or just for short-term gains such as through arbitrage trading. Therefore, the net inflow/outflow record of funds is still a more important data indicator compared to trading volume.
Except for BlackRock's ETHA, net inflow/outflow data for all other Ethereum spot ETFs have been released.
According to Bloomberg terminal data, the net outflow of Grayscale's ETF is as high as $489 million. Currently, the seven known ETFs are still unable to fill this outflow, and the total net outflow is still $162 million. In other words, if the net inflow of ETHA is less than $162 million, the performance of the Ethereum spot ETF on its opening day will end with net outflow.
By comparison, the spot Bitcoin ETF had a trading volume of $4.5 billion on its first trading day, while the total net inflow of all ETFs was approximately $600 million.
to update:
The data from BlackRock ETFA has been released, and the net inflow of approximately 100 million magnesium on the opening day of the Ethereum ETF is in line with Bloomberg analysts' predictions last night.
