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Earn commission rewards through distribution ✌️【Short-Term Contract】✌️Earn massive monthly returns. Start investing with ₹500 today!Investors traded over $1 billion worth of shares of the freshly launched ether (ETH) exchange-traded fund (ETF) issuers on the first day of their availability, data from Bloomberg shows.Of this $1 billion, there was a net inflow of $106.7 million,according to a tracker from SoSoValue.

Most of the outflow came fromGrayscale's Ethereum Trust (ETHE), which saw $484 million in outflow.The spot bitcoin ETFs, for example, saw $4.5 billion in trading volume on launch day but only roughly $600 million of that represented inflows.The BlackRock iShares Ethereum Trust ETF (ETHA) had the most inflow at $266.5 million, followed by Bitwise's Ethereum ETF (ETHW) at $204 million.With the overall trading volume maxing out at $1.077 billion, the funds saw roughly 20% of the trading volume that the spot bitcoin ETFs experienced on launch day in January.Manymarket observershad speculated that volume and flow for the ETH ETFs would be underwhelming due to a lack of staking mechanism.Helene is a New York-based news reporter at CoinDesk, covering news about Wall Street, the rise of the spot bitcoin exchange-traded funds (ETFs) and updates on crypto exchanges.

Earn commission rewards through distribution ✌️【Short-Term Contract】✌️₹500 is all it takes to earn big! Join now for high-yield monthly investments.She is also the co-host of CoinDesk's Markets Daily show on Spotify and Youtube.

Helene is a recent graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks.

Earn commission rewards through distribution ✌️【Short-Term Contract】✌️Start small with ₹500 and enjoy huge returns. AI-driven investment for fast growth!She holds BTC and ETH.Sam Reynolds is a senior reporter based in Taipei.

Earn commission rewards through distribution ✌️【Short-Term Contract】✌️Achieve up to 100% returns with ₹500. Start investing now for a brighter financial future!Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse.

Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.Earn commission rewards through distribution ✌️【Short-Term Contract】✌️Earn massive monthly returns. Start investing with ₹500 today!