Yahoo Finance

I'm taking a look at those spot ether ETFs that launched only yesterday, and just a quick update. I got a a tweet to share by James Seyfert over at Bloomberg. They've he and Eric Balchunas have been all over the spot Bitcoin and ether ETFs, and now they're saying on day one, they now have 10.2 billion in assets across nine different ETFs. Volumes on day one were over 1.1 billion for the group. Total net flows were 107 million, but this takes into account uh actual withdrawal of $484 million. That's negative flows from ETH, that is the grayscale Ethereum Trust, and that has actually been an existence for years since about 2019. Um they are going to lower their fee, but they were just converted into a spot ether ETF. And so you're seeing, similar to what happened with the spot Bitcoin, people coming out of there and joining some of these other uh ETFs that have sprung up. IShares ETHA, that was a number one winner. They got about 266 uh billion 266 million dollars worth of flows. Now, I also want to take a look at the futures market, and uh let's uh just venture over there where we have copper is actually in a bear market. It has been down eight days in a row, and let me just show you the ticker HG equals F. That's what it is on Yahoo Finance. Here's a year-to-date chart, and I just want to point out this high that we saw in May, that was a record high, and uh from there to all the way down there, that is 20%. So copper in a bear market right now. Also want to check out WTI crude real quickly. CL equals F, that is up 1%. Only a couple days ago, it had fallen from a support level, but today it is actually snapping a four-day losing streak. So kind of mixed front the commodities, but I am watching that copper bear market.

All right, Jared. We're going to continue to watch it, too. Jared Blikre, thanks so much for bringing down some of the movement that we're seeing here at the open.