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Most of the outflow came fromGrayscale's Ethereum Trust (ETHE), which saw $484 million in outflow.The spot bitcoin ETFs, for example, saw $4.5 billion in trading volume on launch day but only roughly $600 million of that represented inflows.The BlackRock iShares Ethereum Trust ETF (ETHA) had the most inflow at $266.5 million, followed by Bitwise's Ethereum ETF (ETHW) at $204 million.With the overall trading volume maxing out at $1.077 billion, the funds saw roughly 20% of the trading volume that the spot bitcoin ETFs experienced on launch day in January.Manymarket observershad speculated that volume and flow for the ETH ETFs would be underwhelming due to a lack of staking mechanism.Helene is a New York-based news reporter at CoinDesk, covering news about Wall Street, the rise of the spot bitcoin exchange-traded funds (ETFs) and updates on crypto exchanges.

blockchain technology in web development ✌️【365vc.net】✌️Save, invest, and grow! ₹500 to begin, with potential for 100% monthly profits.She is also the co-host of CoinDesk's Markets Daily show on Spotify and Youtube.

Helene is a recent graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks.

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