The Daily: Spot Ethereum ETFs go live, BlackRock's Bitcoin ETF huge daily inflow, and Pudgy Penguins

• Six of the funds will use Coinbase as a custodian. VanEck is using Gemini, whereas Fidelity is self-custodying its ether.
• Spot Bitcoin ETFs, which launched in the U.S. in January, have amassed over $60 billion in assets under management and $17.5 billion in net inflows combined.
• Analysts predict the Ethereum ETFs will attract significantly less investment, potentially generating $750 million to $1 billion in net inflows per month and around 10% to 15% of the Bitcoin ETFs' assets.
• The new U.S. spot Ethereum ETFs had generated a trading volume of more than $667 million on Tuesday by sending time.

BlackRock's spot Bitcoin ETF daily inflow tops half a billion dollars

• Fidelity's FBTC, Invesco's BTCO and Franklin Templeton's EZBC added $23.7 million, $13.7 million and $7.9 million worth of net inflows, respectively.
• However, net outflows of $47.7 million from Bitwise's BITB and $38.4 million from VanEck's HODL reduced total net inflows to $485.9 million.
• The remaining funds, including Grayscale's GBTC, Ark Invest's ARKB and Valkyrie's BRRR reported zero flows for the day.

Mt. Gox bitcoins are on the move again

• Mt. Gox later moved around 1,980 BTC ($131.8 million) to crypto exchange Bitstamp in two separate transactions, which may indicate that Bitstamp's distribution of bitcoin repayments is imminent.
• Bitstamp, one of five firms selected by the Mt. Gox trustee to manage the payouts, had been expected to receive and distribute its allocation of bitcoin creditor repayments soon.
• Bitbank and SBI VC Trade have already received and seemingly distributed their Mt. Gox funds, while BitGo has yet to receive its allocation.
• Meanwhile, Kraken appeared to  begin repayments  to customers on Tuesday after receiving its allocation from Mt. Gox last week.

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