US spot Ethereum ETFs saw net inflows of $106.7 million on first trading day

U.S. spot Ethereum ETH -0.44% exchange-traded funds recorded $106.7 million in net inflows on its first day of trading, with over $1 billion in trading volume.

The nine different ether ETFs from eight issuers began trading on Tuesday. The Grayscale Ethereum Trust (ETHE) saw $484.1 million in net outflows — the only one logging outflows among the funds, according to data from SosoValue.

Blackrock’s ETHA led the inflow pack with $266.55 million, followed by Bitwise ETHW’s $204 million, Fidelity FETH’s $71.31 million and Grayscale's Ethereum Mini Trust with $15.15 million in net inflows.

The total trading volume for the nine ether ETFs amounted to $1.05 billion , according to Yahoo Finance data compiled by The Block Pro Research. These spot Ethereum ETFs have already amassed over $10 billion in assets under management, SosoValue data shows.

Meanwhile, spot bitcoin ETFs in the U.S. saw $77.97 million flow out of the funds on Tuesday, ending a 12-day streak of positive flows, SosoValue data showed. Bitwise’s BITB logged $70.32 million in net outflows — the largest net outflows among the ETFs. That was followed by Ark and 21Shares ARKB’s $52.29 million and Grayscale GBTC’s $27.31 million in net outflows.