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Over $500 million shares traded between the nine exchange-traded funds. While that’s far from the $4.6 billion traded during the launch of spot-Bitcoin ETFs in January, it’s still a strong start for first-day ETFs. Several of the funds are poised to finish the day among the top 50 highest-traded US ETF debuts of all time.
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“It’s a similar audience for the Ether ETFs and Bitcoin ETFs. It’s not a crypto-native audience. It’s people that are new to the asset class and want exposure to cryptocurrencies.”
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