Summary
- BlackRock's Ethereum (ETH) spot ETF 'ETHA' ranked 17th in total ETF trading volume.
- This record marks the first time it has entered the top 0.4% of all ETFs.
- Analyst Balchunas explained that considering ETHA's 5% increase and its early stage after launch, the surge in volume is mainly due to buying inflows.
On the 28th (local time), Eric Balchunas, Bloomberg ETF analyst, announced on X (formerly Twitter), "BlackRock's Ethereum (ETH) spot Exchange Traded Fund (ETF) 'ETHA' ranked 17th today among all ETFs by trading volume," adding, "This is the first time that it has entered the top 0.4% of all ETFs."
He explained, "Given that ETHA rose 5% today and is still in its early launch stage, this surge in trading volume appears to be mostly due to buy-side inflows."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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