Ethereum

Bitcoin

Spot

Spot Ethereum ETFs opened for trading in the US. While interest in ETFs was intense in the first minutes, Bloomberg analyst Eric Balchunas shared how much entry there was in the first minutes.
Accordingly, the transaction volume of spot Ethereum ETFs exceeded 200 million dollars.
According to the analyst's post, the trading volume of spot Ethereum ETFs exceeded $200 million in 45 minutes since its launch.
Balchunas had previously stated that these ETFs saw a transaction volume of $112 million in the first 15 minutes.
The Bloomberg analyst noted that while these figures are significantly higher for a typical ETF launch, they were about half the first-day trading volume of Bitcoin ETFs.
Balchunas stated that ETH ETF performance exceeded expectations and highlighted Bitwise's early superior performance.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Note: my comp of the btc ETFs volume didn't include GBTC (at time I was excluding it bc it was a newborn) so if you add that in the Eth ETFs doing about a 20-25% of the volume of the btc ETFs. Regardless, very solid showing. FYI! <a href="https://t.co/2JC5xTzgKK" rel="noopener noreferrer nofollow">https://t.co/2JC5xTzgKK</a>
 — Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1815750051622240612?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 23, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/what-is-the-interest-level-in-spot-ethereum-etfs-bloomberg-analyst-announced-drawing-attention-to-this-etf/" rel="noopener noreferrer nofollow">What is the Interest Level in Spot Ethereum ETFs? Bloomberg Analyst Announced, Drawing Attention to This ETF!</a>

What is the Interest Level in Spot Ethereum ETFs? Bloomberg Analyst Announced, Drawing Attention to This ETF!

Bitcoin Sistemi EN

Other articles published on Jul 23, 2024

Hong Kong Launches Asia's First Inverse Bitcoin ETF: Report

Grayscale Moved $1B in Ethereum to Coinbase on July 22, Before ETH ETFs Launch

Revolutionising the Crypto Trading Experience: GroveX’s Innovative New Features

$14,000 ETH ATH Could Be Set for ETH Price Following ETH ETF Launch, Silver-Tongued Analyst Expla...

Decentralized exchange dYdX v3 compromised by a DNS attack

Floki’s Valhalla Joins as Associate Sponsors for India’s Tour of Sri Lanka

Join our free newsletter for daily crypto updates!