Spot Ethereum ETFs Record $112 Million in Trading Volume During the First 15 Minutes
The first hour of trading spot Ethereum ETFs seems really dynamic as the numbers are getting higher and higher.
According to Bloomberg’s Eric Balchunas, during the first 15 minutes of trading spot Ethereum ETFs registered $112 million in trading volume – only about half of what BTC ETFs recorded on day one.
Popular analyst Michael van de Poppe states that the Ethereum ETF launch is heavily undervalued and is expecting ETH to trade towards an ATH in the coming 1-2 months.
At the time of writing, Ethereum is priced at $3,450 with no significant price swings in the past 24 hours and has a trading volume of $22.6 billion.
READ MORE:
Solana Whales Move SOL Worth $55 million – Will There be a Price Drop?The SEC’s recent approval marked a historical moment for cryptocurrencies and the beginning of a new era in investing.
On a seperate note, crypto expert Anthony Pompliano stated that he expects Ethereum to attract far less investments than Bitcoin ETFs did in January. He also said that inevitably other cryptocurrencies will get approval for ETF trading and bring crypto to Wall Street.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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