ETH Spot ETF Trading Exceeds $100 Million in 15 Minutes
Publication Time:2024-07-23 22:11:06
On the social media platform X, Bloomberg ETF analyst Eric Balchunas shared updates on the latest developments of ETH spot ETF trading. He reported that within just 15 minutes of its launch, the total trading volume surpassed the $100 million mark, reaching a scale of $112 million. This figure is certainly a notable achievement in the ETF issuance sector, reflecting investors' positive attitude towards the ETH market and their confidence in ETH's value. However, it is worth noting that while this number achieved rapid growth in a short period, it still falls short of the trading volume recorded by BTC ETFs during their initial transactions. This may indicate differences in market preferences between ETH and BTC or subtle distinctions in the acceptance of different cryptocurrencies in the market.
Trading Volume
ETH ETF
Eric Balchunas
Bloomberg
Spot Market