Ether ETFs tied to the second-largest cryptocurrency debuted with over $1 billion in trading volume on the first day, representing 23% of Bitcoin ETFs' volume on their debut day earlier this year.

Grayscale Ethereum Trust saw $484.1 million in net outflows, while BlackRock's ETHA had $266.55 million in net inflows.

Strong inflows from Blackrock's iShares Ethereum Trust ETF, Bitwise Ethereum ETF, and Fidelity Ethereum Fund contributed to the success of spot ETH ETFs.

Expert opinions varied, with Bloomberg Intelligence's James Seyffart considering the Ether ETF launch a success compared to standard ETF launches.

Market analysts view the new ETF launches as moderately successful, with investors showing interest by moving funds from higher-fee options to more affordable ones.

ETH poised to lead the current bull cycle, potentially surpassing Bitcoin, with expectations of a breakout against BTC soon, supported by bullish price movements and strong market sentiment.

Ether's price remained relatively stable over a three-day period.