Spot Ethereum ETFs Register $107 Million Inflows on First Day, BlackRock Leads

Q: How long will it take to read this news story?

The story "Spot Ethereum ETFs Register $107 Million Inflows on First Day, BlackRock Leads" has 411 words across 35 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Spot Ethereum ETFs Register $107 Million Inflows on First Day, BlackRock Leads" was covered 12 hours ago by CoinGape, a news publisher based in India.

Q: How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news. The outlet is headquartered in India and publishes an average of 33 news stories per day. It's most recent story was published 18 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21758459</li><li>URL: https://beamstart.com/news/spot-ethereum-etfs-register-107-17217937912379</li></ul>

CoinGape Logo CoinGape 12h ago

Spot Ethereum ETFs Register $107 Million Inflows on First Day, BlackRock Leads - CoinGape

Quick Summary:

On the debut day, the spot Ethereum ETFs witnessed a decent trading volume, however, witnessed a net inflow of $107 million.

Bitwise Asset Management also managed to steal the limelight with the Bitwise Ether ETF (ETHW) seeing more than $200 million worth of inflows.

On the other hand, the Ethereum price has remained largely stable trading around $3,450 as investors take a wait-and-watch approach with the reaction to market inflows.