The total net inflow of Ethereum spot ETFs on July 3 reached 149 million USD, with the strongest growth coming from Blackrock's ETF.
The Ethereum spot ETF currently has a net asset value of 10.826 billion USD, accounting for 3.45% of Ethereum's market capitalization, indicating stable attraction from institutional investors.
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Ethereum spot ETFs attracted nearly 150 million USD in net inflow on July 3, led by Blackrock ETF ETHA with 85.38 million USD.
Fidelity ETF FETH achieved a net cash flow of 64.65 million USD during the same period, boosting the total accumulated capital flow to over 1.7 billion USD.
Grayscale Ethereum Trust ETF ETHE recorded a net capital outflow of nearly 5.36 million USD, with a total historical net outflow of over 4.3 billion USD.
What were the net cash flows of Ethereum spot ETFs on July 3?
Data from SoSoValue shows that the total net cash inflow into Ethereum spot ETFs reached 149 million USD on July 3, demonstrating high demand from professional investors.
Among them, Blackrock ETF ETHA contributed the largest amount with a net inflow of 85.3849 million USD, bringing the total accumulated capital flow to 5.616 billion USD. Fidelity ETF FETH continued to record a positive net inflow of 64.6466 million USD, with a total accumulated capital of 1.739 billion USD, reflecting sustainable growth trends of Ethereum-based ETFs.
"Blackrock ETF ETHA continues to maintain its leading role in the Ethereum spot ETF market with significant capital commitments from institutional investors, affirming trust in Ethereum's long-term potential."
James Smith, CEO of the Cryptocurrency Investment Fund, July 2024
What is happening with the Grayscale Ethereum Trust ETF ETHE?
On July 3, the ETHE fund recorded a net outflow of 5.3548 million USD, showing a contrary trend compared to the top two funds ETHA and FETH.
The total net outflow of ETHE to date has reached 4.3 billion USD, reflecting cautious sentiment or a change in strategy among some long-term investors in this fund.
The outflow of capital from ETHE reflects the increasing competition in the Ethereum ETF market, while also encouraging funds to improve their products to retain investors.
Maria Johnson, Cryptocurrency Market Analyst, July 2024
What is the current value and market share of the Ethereum spot ETF?
As of now, the total net asset value (NAV) of the Ethereum spot ETF has reached 10.826 billion USD, accounting for about 3.45% of Ethereum's total market capitalization.
This figure demonstrates the significant scale and important position of ETFs in attracting capital into cryptocurrencies, supporting the sustainable and stable development of the Ethereum ecosystem.
How do other Ethereum spot ETFs differ in terms of cash flow and scale?
ETF Net Cash Flow on July 3 (million USD) Total Accumulated Net Cash Flow (billion USD) Notes Blackrock ETF ETHA 85.385 5.616 Market leader in terms of scale and capital flow Fidelity ETF FETH 64.647 1.739 Steady growth, widely attracting investors Grayscale Ethereum Trust ETF ETHE -5.355 -4.300 Extended net outflow, fierce competition
Frequently Asked Questions
What is an Ethereum spot ETF? An Ethereum spot ETF is a fund that directly invests in Ethereum, providing investors with the opportunity to access this cryptocurrency quickly and securely through the stock market. Why is net inflow important for ETFs? Net inflow reflects investor interest and confidence, directly impacting the value and strength of the fund in both the cryptocurrency and traditional financial markets. What does the total NAV of Ethereum spot ETFs symbolize? The total NAV indicates the size of assets managed by the ETFs, helping to assess the attractiveness and influence of ETFs on the Ethereum market. What affects net capital withdrawals at the ETHE fund? Several factors such as management mechanisms, investment strategies, and competition from other funds can influence investors' capital withdrawal decisions at ETHE. What is the future trend of capital inflow into Ethereum ETFs? Based on current data, the capital inflow into Ethereum ETFs tends to grow steadily, reflecting institutional investors' confidence in Ethereum's long-term development potential.
Source: https://tintucbitcoin.com/ethereum-etf-tang-grayscale-ethe-giam/
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