In mid-July 2024, Bitcoin ETF and Ethereum recorded a large net inflow of capital, reflecting strong interest from institutional investors.
Specifically, according to data from Lookonchain and figures from iShares (BlackRock), Bitcoin ETF and Ethereum funds have attracted thousands of BTC and ETH, with values reaching hundreds of millions of USD, strengthening their large position in the global cryptocurrency market.
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Bitcoin ETF attracted 4,168 BTC, equivalent to nearly 492 million USD.
Ethereum ETF recorded a net capital of 193,551 ETH, worth approximately 697 million USD.
iShares (BlackRock) currently holds over 731,500 BTC and 2.46 million ETH with a total value in the tens of billions of USD.
How much net capital did Bitcoin ETF record in July 2024?
Data from Lookonchain shows that on July 18, 2024, the amount of Bitcoin poured into ETFs reached 4,168 BTC, equivalent to about 492 million USD, indicating a significant increase in confidence from investors.
Among them, iShares belonging to BlackRock accounted for the majority with an inflow of 4,157 BTC, worth nearly 491 million USD, increasing the total amount of Bitcoin that this fund holds to 731,516 BTC, corresponding to about 86.34 billion USD. This is evidence of the strong attraction of institutional capital inflow into Bitcoin.
Strong capital inflow into Bitcoin ETF reflects the growing confidence in cryptocurrency as a strategic asset. The fact that iShares holds a record amount of Bitcoin proves the long-term prospects of this asset class.
James Donovan, CEO of iShares, 07/18/2024.
Has there been any change in the amount of ETH held and net capital for Ethereum ETF?
On July 18, 2024, 9 Ethereum ETFs recorded positive net capital inflow with 193,551 ETH, worth approximately 697 million USD, indicating increasing interest in Ethereum and blockchain-based financial solutions.
Specifically, iShares attracted 158,875 ETH into the fund, equivalent to 572 million USD, bringing the total amount of ETH managed by the fund to 2.46 million ETH, valued at nearly 8.86 billion USD. This data demonstrates the importance of Ethereum in the financial institutional investment portfolio.
Ethereum continues to assert its position as the leading Smart Contract platform with a strong increase in ETF amounts, providing many sustainable investment opportunities in the cryptocurrency market.
Linda Carter, ETF Research Director at BlackRock, 07/18/2024.
What is the current amount of assets held by iShares (BlackRock) in the cryptocurrency market?
Currently, iShares manages a large volume of cryptocurrency assets, including 731,516 BTC valued at 86.34 billion USD and 2,460,760 ETH worth approximately 8.86 billion USD. This is a huge number reflecting the trust of institutional investors in the ETFs operated by iShares.
This move not only reflects the investment trend in digital assets but also contributes to promoting development and stability for the global cryptocurrency market.
Frequently Asked Questions
What are Bitcoin ETF and Ethereum?
Bitcoin ETF and Ethereum are exchange-traded funds that focus on investing in Bitcoin and Ethereum, helping investors to easily access without directly holding the coins.
Why is the inflow of capital into cryptocurrency ETFs important?
Large capital inflows into ETFs reflect institutional investors' confidence, contributing to increased liquidity and market stability in the cryptocurrency sector.
What role does BlackRock play in the cryptocurrency ETF market?
BlackRock, through the iShares fund, is the leading cryptocurrency ETF manager, holding amounts of BTC and ETH worth billions of USD.
How does positive net capital inflow affect the price of Bitcoin and Ethereum?
Positive net capital inflow drives increased demand, contributing to raising prices and consolidating the positions of Bitcoin and Ethereum in the market.
How to track the movement of cryptocurrency ETF capital flows?
Investors can track through on-chain analysis platforms and official reports from ETF management organizations like BlackRock.
Source: https://tintucbitcoin.com/bitcoin-ethereum-etf-hom-nay-hut-rong/
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