BlackRock leads as ether ETFs rack up $100mn on first day of US trading

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Financial Times 11h ago

BlackRock leads as ether ETFs rack up $100mn on first day of US trading - Financial Times

Quick Summary:

The prices of bitcoin and ether have risen by about 50 per cent and 45 per cent, respectively, since the start of 2024.

Traders and executives said it was unlikely that ethereum would match bitcoin’s spectacular performance, because it was not as well known and had a different function and investment narrative to bitcoin.

The nine new ETFs that invest in the native token of the ethereum blockchain drew in about $108mn, generating about $1.1bn in overall volume.