The first day trading volume of the Ethereum spot ETF reached 1.1 billion yuan, with Bitwise BITB seeing a net inflow of 200 million yuan.

After seven months of the Bitcoin spot ETF being listed, it's finally Ethereum's turn! Yesterday, 9 Ethereum spot ETFs were officially listed, with a total trading volume of $1.112 billion on the first day, accounting for 23% of the Bitcoin spot ETF's first-day trading volume. Among them, Bitwise BITB had a net inflow of $204 million, showing a very impressive performance.

Ethereum Spot ETF First Day Total Trading Volume: $1.1 Billion

According to ETF analyst James Seyffart from Bloomberg, the total trading volume on the first day of the Ethereum spot ETF was $1.12 billion, which is 23% of the trading volume of the Bitcoin spot ETF. The trading volume of Belridge ETHA is 25% of IBIT. Excluding Grayscale ETHE, the total trading volume is $642 million.

Overall Net Inflow of $106.8 Million, Grayscale ETHE Net Outflow of $484 Million

Grayscale ETHE had a net outflow of $484 million, accounting for approximately 5% of its asset size, while its Grayscale ETH Trust absorbed $15.1 million in funds.

Bitwise BITB had a net inflow of $204 million, with James Seyffart speculating that $100 million was purchased by Pantera Capital.

Bitwise was the first to update the Ethereum spot ETF document, and Pantera Capital will purchase $100 million worth of shares.

Belridge ETHA had a net inflow of $266 million, Fidelity FETH had an inflow of $71.3 million, Franklin EZET had a net inflow of $13.2 million, 21Shares CETH had a net inflow of $7.5 million, with an overall net inflow of $106.8 million, which increases to $590 million after excluding Grayscale ETHE.

ETH Slightly Declines

ETH fell from yesterday's high of $3,541 to a low below $3,400, and was trading at $3,481 at the time of writing.