US spot ether ETFs make market debut in another win for crypto industry

U.S. ether ETFs debuted with $1.07B traded. Leading volumes: Grayscale ($450M), iShares ($245M), Fidelity ($137M). Enhancing market legitimacy, potentially reducing volatility. Ether prices dipped. Fees: 0.19% to 2.5%. SEC Chair Gensler cited Grayscale's influence. Projections: $1B monthly inflows. Staking excluded.