Seven months after Bitcoin made its big debut on Wall Street, it was Ethereum's time to enter the spotlight. Spot Ethereum exchanged-traded funds — nine different ETFs from eight issuers — began trading this week and turned the normally staid world of ETF trading into a bonanza.
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Spot Ethereum ETFs generate over $1b in trading volume on first day
"I’m not expecting that type of frenzy around spot ether ETFs," Nate Geraci, president of The ETF Store, told The Block. "That said, even if spot ether ETFs only pull-in 20-25% of the assets of spot bitcoin ETFs, that would be a highly successful result and one that I think is absolutely achievable."
