The second day of Ethereum spot ETF trading volume reached $951 million

On the second day of trading in the US market, the cumulative volume of the Ethereum ETF was close to $1 billion.
According to Yahoo Finance data compiled by The Block Pro Research, the cumulative volume of Ethereum spot ETFs on Wednesday was about $951 million. On Tuesday, the funds had their first day on the market at $1.054 billion.
Grayscale Ethereum Trust (code: ETHE) led again with around $492 million in trading volume, accounting for around 52% of total trading volume. This was followed by BlackRock's iShare Ethereum Trust (ETHA) ($256 million) and Fidelity Ethereum Fund (FETH) ($113 million).
According to SosoValue data, these ETFs saw a net inflow of $106.70 million on Tuesday, with total assets under management exceeding $10 billion. Grayscale Ethereum Trust experienced a net outflow of $484.10 million and was the only fund to see an outflow.
James Seyffart of Bloomberg said the ETF launch was "largely" in line with his expectations for Tuesday's debut. "If we compare it to a standard ETF launch, this is an earth-shattering win," Mr. Seyffart said.