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Freelance social media management for product based businesses ✌️【Capital】✌️Start your investment journey with ₹500. Watch your returns multiply monthly!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.

Freelance social media management for product based businesses ✌️【Capital】✌️Invest ₹500 and unlock guaranteed returns up to 100%. Start growing today!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.

Freelance social media management for product based businesses ✌️【Capital】✌️₹500 is all you need to unlock fast, high returns. Start investing today!She holds BTC and ETH.Sam Reynolds is a senior reporter based in Taipei.

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