3 Billion Worth of Ethereum Withdrawn from Exchanges After ETF Approvals

The introduction of spot Ether ETFs is anticipated to generate significant investor attention, mirroring the reception observed with Bitcoin ETFs earlier this year. According to data from BitMEX Research, Bitwise’s BITB attracted the highest influx of funds on its initial day, amassing a total of $237.9 million. This was closely followed by Fidelity’s FBTC, which secured $227 million, and BlackRock’s IBIT, which garnered $111.7 million.