Spot Ether ETFs Sees More Than $1B of Trading Volume; Ferrari to Accept Crypto Payments in Europe

Spot Ether ETF saw trading volume of $1 billion and you can now buy a Ferrari with crypto in Europe. You're watching coin desk daily. I'm your host, Jen Sani Investors traded over $1 billion worth of shares of the freshly launched Spot Ether ETF S in the United States on the first day of their availability. That's according to Bloomberg data. According to a tracker from SOO value, there was a net inflow of $106.7 million and most of the outflow came from Grace Scale's Ethereum Trust which saw $484 million in outflow. The Black Rock ishares Ethereum Trust. ETF had the most inflow at $266.5 million followed by bit Wise's Ethereum ETF at $204 million with the overall trading volume maxing out at $1.077 billion. The funds are roughly 20% of the trading volume at the spot. Bitcoin ETF S experienced on launch day in January defunct Bitcoin Exchange mount Gox moved a fresh batch of Bitcoin to new wallets on Wednesday and that could temper chances of a price rally as sentiment remained dented. Arkham. Data shows Mount Gox moved roughly $3 billion worth of Bitcoin between wallets and of those 3 billion, 130 million dollars was sent to crypto exchange bits stamp. The Cryptocurrency movement echoes those of yesterday as Mount Gox repays customers hit by a hack 10 years ago, Bitcoin prices remain steady and Mount Gox still has more than $6 billion of Bitcoin to distribute. And you can now buy a Ferrari with crypto. The Italy based luxury sports car manufacturer will extend its provision for Cryptocurrency payments to Europe by the end of July. That's according to a report by Reuters, Ferrari began accepting crypto in the US last October in a partnership with Bitpay, Bitcoin, Ether and US DC were the tokens accepted this cryptos popularity as an investment tool. It remains relatively rare for a major company to accept it as a means of payment. In a company statement cited by Reuters, Ferrari's extension of the program to Europe aims to quote support dealers in better addressing the evolving needs of its client end quote. That's it for coin desk daily, get more updates on coin desk.com and we'll see you next time.