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Ether ETFs perform well in first day of US trading

by Funds Europe
25 July 2024

ETF

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ETFs from BlackRock, Bitwise and Fidelity were the best performers from a number of Ethereum ETFs that launched in the US yesterday, according to a report in the Financial Times.

The BlackRock ETF drew in $267m, the Bitwise ETF $204m and the Fidelity ETF $71m for funds that invest in the world’s second-largest cryptocurrency.

The funds were given final sign-off by the US Securities and Exchange Commission earlier this week. Their launch follows the launch in January of the first spot bitcoin ETFs.

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