🔥 The total trading volume of the Ethereum #ETF in the first 15 minutes was $112 million
The volume is significant compared to other ETF launches, although it is roughly half of what the BTC ETF received on its first day of trading.
🔎 We suspect that Grayscale's $39.7m volume is the result of large outflows, similar to what we see in BTC ETFs.
To put these figures in perspective, the recently launched BlackRock Manufacturing theme ETF ($MADE) received only $300k on the first day, and now $ETHA by the same BlackRock can exceed this amount by 100 times within the first 30 minutes of trading.
The volume is significant compared to other ETF launches, although it is roughly half of what the BTC ETF received on its first day of trading.
🔎 We suspect that Grayscale's $39.7m volume is the result of large outflows, similar to what we see in BTC ETFs.
To put these figures in perspective, the recently launched BlackRock Manufacturing theme ETF ($MADE) received only $300k on the first day, and now $ETHA by the same BlackRock can exceed this amount by 100 times within the first 30 minutes of trading.