BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Spot Ethereum ETFs Break $500M in Volume Within the First Few Hours of Trading

by Sham
July 23, 2024
in CRYPTO
Reading Time: 2 mins read
A A
1
SHARES
16
VIEWS
Share on XShare in TelegramShare on Reddit

• Ethereum ETFs soared with $361 million volume in the first 90 minutes of trading on their debut day
• Grayscale’s ETHE ETF recorded the highest volume of $147.8 million, followed by BlackRock’s ETHA at $71.4 million
• The impressive volumes far surpassed typical new ETF launches, which often struggle to exceed $1 million on the first day

The long-awaited Ethereum exchange-traded funds (ETFs) debuted on July 23, 2024 to enthusiastic demand from investors. Within the first 90 minutes of trading, the nine newly launched ETFs amassed a staggering $361 million in volume.

JUST IN: Spot Ethereum ETF's have done $500 million in trading volume since launch

— BlockNews.com (@blocknewsdotcom) July 23, 2024

Massive Trading Volume in the First 90 Minutes

According to Eric Balchunas, a senior ETF analyst at Bloomberg, the Ethereum ETFs traded between $20 million and $150 million each in the initial 90 minutes. The ETF with the highest volume was Grayscale‘s ETHE at $147.8 million. Other top performers included BlackRock’s ETHA at $71.4 million and Bitwise’s ETHW at $50.4 million.

Balchunas noted that the ETFs’ opening day volume of $361 million would rank them around 15th overall among all ETFs. He added that this volume is especially impressive for brand new ETFs, which rarely exceed $1 million on their first day.

The robust demand shows that investors eagerly awaited access to Ethereum through traditional financial products. Market participants will be watching to see if the ETFs can maintain momentum in the days and weeks ahead. The successful debut bodes well for the future of crypto asset ETFs.

Tags: blackrockBloombergEric Balchunasetfsspot Ethereum ETFs
TweetShareShare
Previous Post

Donald Trump Denies Claims of Appointing Jamie Dimon and Larry Fink as Treasury Secretary

Next Post

Mt. Gox Creditors Are Now Receiving Their Bitcoin

DON'T MISS THESE! HOT OFF THE PRESS

Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Connecticut Bans Bitcoin and Crypto for Government Funds
BITCOIN

Connecticut Bans Bitcoin and Crypto for Government Funds

July 1, 2025
Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme
CRYPTO

Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme

July 1, 2025
FARTCOIN Surges 148%—Is the Meme Just the Beginning?
CRYPTO

FARTCOIN Surges 148%—Is the Meme Just the Beginning?

July 1, 2025
Load More

Related News

Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.