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ETH spot ETF hits $9.37 billion in trading volume on second day of trading, off to a strong start, but falls short of BTC

Ethereum spot ETFs have recorded $9.37 billion in trading volume on their second day of trading. Of these, Grayscale's ETHE topped the list with $4.86 billion, accounting for about 52% of the total volume. BlackRock's ETHA followed with $255 million and Fidelity's FETH with $110 million. On the 23rd, the first day of trading, the ETH spot ETF's daily trading volume surpassed $1 billion.

"An Ethereum (ETH) spot ETF got off to a strong start with more than $100 million in inflows on its first trading day on U.S. exchanges, but it's unlikely to match the success of Bitcoin's spot ETF, which launched in January," crypto industry experts analyzed on Friday.

Adrian Fritz, Head of Research at 21Shares, issuer of BTC and ETH spot ETFs, said: "Bitcoin's 'store of value' narrative is simple and easy to understand. Ethereum's value proposition, on the other hand, requires more time and education. Still, ETH could appeal to institutional investors." Bryan Armour, Head of Passive Strategic Research at Morningstar, added: "The first trading day metrics for the ETH spot ETF demonstrate institutional and retail investor demand."

Crypto Cycle Peak Still Far Away...March's All-Time High Was Just the Beginning

“BTC's all-time high in March does not appear to be the final peak of this cycle based on on-chain indicators,” said on-chain analyst sachi. Rather, the price is closer to the initial top of the cycle,” analyzed sachi. “Looking at binary CDD (Coin Days Destroyed), a metric that

blockchain crypto cryptocurrency WazirX hacker move $12m eth (SpotedCrypto)

WazirX hacker who stole $2.3 billion moves $12 million in ETH

An address labeled as the hacker of Indian cryptocurrency exchange WazirX has just transferred 5,000 ETH ($12 million) to a new address, according to Cyberalert. WazirX previously reported that $230 million in customer crypto assets were stolen, with WazirX's general counsel stating that “it is extremely unlikely

blockchain crypto cryptocurrency Bitcoin Ethereum ETF flow (SpotedCrypto)

US BTC spot ETF sees net outflows of $37.29 million...6th consecutive trading day, ETH also sees net outflows

According to Trader T, a total of $37.29 million in net outflows were reported from U.S. BTC spot ETFs on April 4 (local time). This is the sixth consecutive trading day of net outflows. Grayscale GBTC alone saw outflows of $34.25 million. Bitwise BITB saw inflows of

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