Grayscale Ethereum Trust Fund Trading Volume Exceeds $200 Million, BlackRock iShares Ethereum ETF Reaches $119 Million

Odaily News The first batch of U.S. spot Ethereum ETFs saw relatively high volume in their first trades, with more than $500 million changing hands in the first few hours after the market opened. As of 12:30 p.m. New York time (0:30 a.m. Beijing time), BlackRock iShares Ethereum ETF had traded $119 million, about the 38th highest first-day trading value. A product from cryptocurrency company Bitwise Asset Management also saw strong demand, with a turnover of more than $64 million. Grayscale's Ethereum Trust Fund traded about $220 million during the same time. (Jinshi)