The total inflow into the spot Ethereum ETF reached 46.63 million USD in one day.
The Blackrock ETHA fund leads the inflow with over 25 million USD, raising the total historical capital to nearly 5.7 billion USD, demonstrating the strong appeal of Ethereum ETFs in the financial market.
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The net inflow into the spot Ethereum ETF reached 46.63 million USD in one day.
Blackrock ETHA holds the position of the fund attracting the most capital with the highest total historical capital of nearly 5.7 billion USD.
The net asset value of all Ethereum ETFs exceeds 11 billion USD, accounting for approximately 3.52% of the Ethereum market.
What is the spot Ethereum ETF and why does it attract large inflows?
The spot Ethereum ETF is an investment fund that allows investors to gain direct exposure to the value of Ethereum through a financial product. According to an updated report from SoSoValue on July 9, 2024, these ETFs have received strong net inflows, reflecting the reliability and high interest from professional investors.
The significant capital inflow into Ethereum ETFs can be explained by the growth potential of Ethereum in DeFi, NFT, and Smart Contract applications. The head of Blackrock ETF ETHA stated that 'The ETHA Fund has proven effective in providing liquidity and creating sustainable value for investors' (CEO Blackrock, 2024).
Which Ethereum ETF attracts the most capital and why?
The Blackrock ETF ETHA recorded the highest net inflow on July 8, 2024, with over 25.29 million USD. The total historical net flow of this fund currently stands at 5.695 billion USD, surpassing other funds.
This reflects the credibility and choice of investors towards the fund managed by Blackrock. Blackrock is known as the world's leading investment management group with careful risk management strategies.
The ETHA fund has shown its ability to attract capital thanks to its transparent investment strategy and the long-term potential of Ethereum.
Jane Fraser, CEO Blackrock, 2024
How is the net flow into other Ethereum ETFs?
The Grayscale Ethereum Mini Trust recorded a net inflow of 9.35 million USD on July 8, raising its total historical capital to 760 million USD. Meanwhile, Fidelity ETF FETH had a net outflow of 652,400 USD for the day, with a total historical capital of 1.747 billion USD.
Although Fidelity had a negative net flow in one day, the total assets under management are still large, indicating stability and long-term trust from investors in this fund.
What is the current net asset value and market share ratio of Ethereum ETFs?
As of July 8, 2024, the total net asset value (NAV) of all spot Ethereum ETFs reached 11.034 billion USD. The NAV to Ethereum market capitalization ratio is 3.52%, reflecting the growing scale and influence of ETFs in the cryptocurrency market.
This figure marks a strong advancement in the development of Ethereum ETFs, while also creating an effective and transparent investment channel for asset managers and institutional investors.
The fact that ETFs account for more than 3.5% of Ethereum's market capitalization indicates the professionalization and popularity of this investment channel.
Mark Walker, Blockchain Financial Analyst, 2024
Compare net inflows between typical Ethereum ETFs
Ethereum ETF Fund Net Flow 8/7 (million USD) Total Historical Net Flow (billion USD) Blackrock ETF ETHA 25.289 5.695 Grayscale Ethereum Mini Trust ETH ETF 9.346 0.760 Fidelity ETF FETH -0.652 1.747
Frequently Asked Questions
What is the spot Ethereum ETF?
The spot Ethereum ETF is an investment fund that simulates the actual price of Ethereum, allowing investors direct access without needing to buy the original coin. This is a popular tool in institutional and individual investing.
Why does Blackrock ETF ETHA attract the most capital?
Blackrock ETHA stands out due to its professional and transparent management, creating great trust for investors, leading to the largest net inflow among current Ethereum ETFs.
What does negative net flow mean?
Negative net flow indicates the amount of capital withdrawn from the fund during the day, possibly due to market volatility or investors considering portfolio restructuring.
What percentage of the Ethereum market is represented by the Ethereum ETF?
The total value of the ETF accounts for approximately 3.52% of the Ethereum market capitalization, affirming the growing position of ETFs in the cryptocurrency ecosystem.
Is investing in Ethereum ETFs safe?
Ethereum ETFs provide risk diversification and management transparency, suitable for investors wanting exposure to Ethereum without directly owning the Token.
Source: https://tintucbitcoin.com/etf-ethereum-ghi-nhan-dong-von-tang/
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