Ether ETFs trade over $1.3 billion in strong crypto-fund debut

Quick Summary:

NEW YORK – The first US exchange traded funds (ETFs) that invest directly in Ether made strong debuts, with some seeing relatively high trading volumes for their opening sessions.

BlackRock’s iShares Ethereum Trust ETF saw US$248 million of shares exchange hands, clocking one of the highest-ever first-day traded values, according to Bloomberg Intelligence.

Over US$1 billion worth of shares traded between the nine ETFs.

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Category: EconomyBusiness

Markets: Singapore

Topics: Billion Ether Trade Bitcoin “it’s Funds First Traded Cent Etfs Flows

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Article Type: News Report

Published On: 2024-07-24 @ 08:51:19 (3 hours ago)

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News Source URL: straitstimes.com

Language: English

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