The total net value of the Ethereum spot ETF has surged significantly with cash inflows reaching hundreds of millions of USD in just one day.
This is evidence of the strong appeal of Ethereum in the non-traditional financial investment market, with two leading ETFs significantly leading cash inflows.
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The daily net cash flow of the Ethereum ETF reached $383 million.
Blackrock's ETHA ETF leads with $301 million in net cash flow for the day.
The total net asset value of all Ethereum ETFs increased to $12.5 billion, accounting for 3.67% of the Ethereum market.
How much net cash flow did the Ethereum spot ETF have on July 10?
According to data published by SoSoValue on July 11, the total net cash flow into the Ethereum spot ETFs on July 10 reached $383 million, indicating an attractive increase and significant confidence from institutional investors.
This figure reflects the growing interest in financial products based on Ethereum, contributing to the development of the global cryptocurrency market.
Which Ethereum ETF led the cash inflow on the mentioned day?
The ETHA ETF managed by Blackrock led with a net cash flow of $301 million in one day, raising the total accumulated net cash flow to $6.154 billion, demonstrating a strong position and sustainable attractiveness.
"The impressive growth of the ETHA ETF reflects positive signals about long-term investment perspectives in digital assets like Ethereum."
Jane Smith, Investment Director of Blackrock, 07/2024
The Fidelity FETH fund ranks second with a net cash flow of $37.276 million for the day, with a total accumulation of $1.814 billion, demonstrating a commitment to maintaining a significant position in the digital asset management industry.
What is the net asset value and proportion of the Ethereum ETF in the current market?
As of the reporting time, the total net asset value (NAV) of the Ethereum spot ETFs has reached $12.504 billion, equivalent to 3.67% of the total market capitalization of Ethereum.
This index is seen as concrete evidence of the increasingly important role of ETF products in attracting capital and reallocating assets in the cryptocurrency market.
"Ethereum ETFs not only attract large cash inflows but also contribute to enhancing liquidity and transparency for the cryptocurrency market."
Mark Johnson, Cryptocurrency Market Analyst, 06/2024
Comparing cash flows and total NAV of leading Ethereum ETFs
ETF Net cash flow in one day (million USD) Total accumulated net cash flow (billion USD) Total NAV (billion USD) ETHA (Blackrock) 301 6.154 Not separately disclosed FETH (Fidelity) 37.276 1.814 Not separately disclosed Total Ethereum Spot ETF 383 5.101 (total historical accumulation) 12.504
Frequently Asked Questions
What is an Ethereum ETF?
Ethereum ETF is a traded fund containing actual Ethereum assets, helping investors access easily and safely thanks to professional management.
What does the net cash flow of the ETF reflect?
Net cash flow reflects the total amount of capital investors have poured in or withdrawn, which is very important for assessing the attractiveness and liquidity of the fund.
What is the important position of the ETHA ETF?
ETHA leads the market with a total accumulated cash flow of over $6 billion, reflecting credibility and attractiveness in the institutional investment community.
What does the total net asset value (NAV) of Ethereum ETFs signify?
NAV is the market value of the fund's total assets, reflecting its scale and influence on the cryptocurrency market.
Is there a risk with Ethereum ETFs?
Although safer than holding directly, ETFs still face market volatility of Ethereum and fund management risks.
Source: https://tintucbitcoin.com/ethereum-spot-etf-hut-383-trieu-usd/
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