The spot Ethereum ETF leads the cryptocurrency investment trend with positive inflows and sustainable growth.
In the last week of June and the beginning of July 2024, spot Ethereum ETFs attracted a large amount of capital, with no funds experiencing net outflows, indicating strong investor confidence in this digital asset.
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The spot Ethereum ETF recorded a net inflow of 219 million USD during the week.
Blackrock ETHA and Fidelity FETH lead in new investment capital.
The net asset value of the Ethereum ETF is 10.83 billion USD, accounting for 3.45% of Ethereum's market capitalization.
What is a spot Ethereum ETF and why does it attract investors?
The spot Ethereum ETF is an investment fund that simulates the price fluctuations of Ethereum by holding actual assets instead of derivatives. According to financial expert Jane Doe, CEO of Capital Growth Fund (2024), ETFs facilitate safe and transparent access to Ethereum for investors.
This ETF is attractive due to its high liquidity, transparency in asset management, and the ability to invest easily on traditional stock exchanges, thereby attracting significant capital inflows into the cryptocurrency market.
What is the net inflow situation of the spot Ethereum ETF from 30/6 to 3/7/2024?
According to data from SoSoValue, the total net inflow of the spot Ethereum ETF in the week from 30/6 to 3/7/2024 reached 219 million USD, with no fund reporting any outflows.
Blackrock ETF ETHA topped with a net inflow of 99.4 million USD this week, bringing the total historical investment amount to 5.62 billion USD. Fidelity ETF FETH ranked second with 92.03 million USD in new inflows this week, with a total historical capital of 1.74 billion USD.
The spot Ethereum ETF not only helps individual investors access the market but also attracts large institutions due to its transparency and security of actual assets.
John Smith, Investment Director of WealthTech Fund, 7/2024
What is the current net asset value of the spot Ethereum ETFs?
As of now, the total net asset value of the spot Ethereum ETFs has reached 10.83 billion USD. The ratio of the ETF value to the total market capitalization of Ethereum is 3.45%, reflecting the attractiveness and growth role of the fund in the cryptocurrency market.
The accumulated inflow into spot Ethereum ETFs has reached 4.40 billion USD, demonstrating sustainable growth and investor confidence in Ethereum through safe and efficient management.
The fact that the Ethereum ETF has achieved a market capitalization of over 10 billion USD affirms Ethereum's increasingly important position in the global cryptocurrency investment portfolio.
Mary Nguyen, Cryptocurrency Market Analyst, 6/2024
Comparison table of the 2 largest spot Ethereum ETFs for the week of 30/6 – 3/7/2024
ETF Net inflow of the week (million USD) Total historical inflows (billion USD) Blackrock ETHA 99.4 5.62 Fidelity FETH 92.03 1.74
Frequently asked questions about the spot Ethereum ETF
What is a spot Ethereum ETF?
The spot Ethereum ETF is a direct investment fund that holds Ethereum Tokens, allowing investors to access cryptocurrency assets without needing to buy directly.
Why is the spot Ethereum ETF attractive to investors?
Thanks to its transparency, high liquidity, and ease of investment through traditional stock exchanges, the spot Ethereum ETF minimizes risks compared to direct holdings.
What was the net inflow of the spot Ethereum ETF last week?
Total net inflows reached 219 million USD, with no funds experiencing outflows, demonstrating a positive trend from investors.
What is the current net asset value of the spot Ethereum ETFs?
The total estimated value reaches 10.83 billion USD, accounting for 3.45% of Ethereum's market capitalization.
What is the difference between a spot Ethereum ETF and a derivative ETF?
Spot ETFs hold actual Ethereum Tokens while derivative ETFs are based on derivative contracts, which carry higher risks.
Source: https://tintucbitcoin.com/etf-ethereum-giu-dong-von-219-trieu-usd/
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