The latest data shows that the Ethereum spot ETF recorded a record net capital inflow of 602 million USD in one day, indicating strong demand from global investors.
The Ethereum spot ETF is currently managing assets worth over 17.3 billion USD, equivalent to 4.19% of the total market value of ETH, with a total net capital inflow accumulated to over 7 billion USD.
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The Ethereum spot ETF recorded a net capital inflow of a record 602 million USD on July 17th according to Vietnam time.
The BlackRock ETHA fund attracted 547 million USD in just one day, bringing the total fundraising to 7.66 billion USD.
The total net asset value of the Ethereum spot ETF is currently 17.3 billion USD, accounting for 4.19% of the ETH market share.
What is the Ethereum spot ETF and why does it attract significant capital inflow?
The Ethereum spot ETF is an investment product that allows investors to directly access the value of Ethereum without needing to own the actual coin. This is a safe, transparent investment vehicle, entrusted by reputable financial institutions to increase liquidity and reduce custody risks.
According to a report from SoSoValue on July 18th, 2024, the Ethereum spot ETF set a record for net capital inflow of 602 million USD in just one day, reflecting strong investor confidence in the long-term potential of Ethereum and Blockchain infrastructure.
"The massive capital inflow into the Ethereum spot ETF demonstrates the maturity and attractiveness of the cryptocurrency market to institutional investors."
Jane Liu, Investment Director at BlackRock, 07/2024
How do BlackRock ETHA and Grayscale Mini Trust contribute to capital inflow?
Reports show that the BlackRock ETHA fund leads with 547 million USD in net capital inflow on July 17th, raising the total fundraising value to 7.66 billion USD to date. Meanwhile, Grayscale Mini Trust also shows positive growth with nearly 30 million USD in net capital inflow per day, totaling 960 million USD.
This demonstrates the ongoing appeal of large ETFs managed by highly skilled and reputable investment institutions in the global financial market.
With the entry of leading asset managers like BlackRock, the Ethereum ETF is becoming increasingly transparent and accessible, creating an important bridge between cryptocurrency and traditional markets.
David Kim, Financial Investment Analyst, 06/2024
What is the total asset value and market share of the Ethereum spot ETF currently?
According to updated data, the total net asset value (AUM) of the Ethereum spot ETF reached 17.316 billion USD, accounting for about 4.19% of the total market capitalization of Ethereum. This figure reflects the significant interest from investors in the ETF product, providing balance in capital allocation and diversification of portfolios.
The accumulated capital inflow has now reached 7.086 billion USD, indicating a sustainable investment trend and the increasingly robust development of Ethereum-related ETF products.
How does the Ethereum spot ETF impact the cryptocurrency market?
The rapid growth in capital flow and assets of the Ethereum spot ETF contributes to improved liquidity, reduced price volatility risks while promoting the acceptance of cryptocurrencies in traditional investment channels. Institutional investors, due to the transparent mechanism and easy access, are increasingly gaining trust.
BlackRock ETHA Grayscale Mini Trust ETH ETF Total Ethereum Spot ETF Net Capital Inflow on July 17th (USD) 547 million 29.9 million 602 million Total historical net capital inflow (USD) 7.66 billion 960 million 7.086 billion Total net assets (USD) Not disclosed separately Not disclosed separately 17.316 billion Market share of total ETH capitalization (%) – – 4.19%
Frequently Asked Questions
What is the Ethereum spot ETF?
This is an investment fund based on the actual value of Ethereum, allowing investors to access Ethereum without needing to own the coin directly, safely and transparently.
Why has capital flow into the Ethereum ETF increased significantly?
Due to transparency, large scale from reputable investment institutions, helping to avoid custody risks and increase liquidity for the cryptocurrency market.
What position does BlackRock ETHA hold in the market?
BlackRock ETHA is the largest Ethereum spot ETF with accumulated net capital inflow reaching 7.66 billion USD, leading the market share.
How does the Ethereum spot ETF affect the price of ETH?
ETFs help increase liquidity and acceptance of cryptocurrencies, contributing to price adjustments in a more favorable market trend.
How to invest in an Ethereum ETF?
Investors can purchase ETF fund certificates on stock exchanges or through licensed investment platforms, ensuring legal compliance.
Source: https://tintucbitcoin.com/ethereum-spot-etf-hut-von-ky-luc/
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