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**Ether ETFs Reach $112 Million in Trading Volume in First 15 Minutes, Close to Expectations: Balchunas**
In a remarkable early trading session, Ether-based Exchange-Traded Funds (ETFs) managed to achieve a trading volume of $112 million within the first 15 minutes of their launch. This significant milestone was highlighted by Bloomberg’s ETF analyst, Eric Balchunas, who remarked that the initial performance of these ETFs is closely aligned with industry expectations.
The strong demand for Ether ETFs underscores the burgeoning interest in cryptocurrency investment products and reflects the increasing acceptance and mainstream adoption of Ethereum. As market participants eagerly monitor these digital financial instruments, the successful debut of Ether ETFs could pave the way for further innovative financial products in the crypto space.
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