Cash flow into the Ethereum spot ETF surged, reflecting an increasing demand for cryptocurrency investment.
The move to attract hundreds of millions of USD in one day from Ethereum ETFs shows investor confidence and interest in the global cryptocurrency market.
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The Ethereum spot ETF recorded a total net inflow of nearly 402 million USD on July 18, 2024.
The Blackrock ETHA fund leads with the largest net inflow of the day reaching 395 million USD, with a total historical net inflow of over 8 billion USD.
The net asset value of the Ethereum spot ETF reached 18.37 billion USD, accounting for 4.19% of the Ethereum market.
How did the Ethereum spot ETF record net cash flow on July 18, 2024?
Data from SoSoValue published on July 19, 2024, shows that the total net inflow into the Ethereum spot ETF reached 402 million USD in one day, providing significant evidence of the attractiveness of cryptocurrency investment funds.
Among them, the Blackrock ETHA fund primarily contributed with a net inflow of up to 395 million USD in one day. This inflow level helps ETHA solidify its position with a total historical net inflow of over 8 billion USD, demonstrating long-term confidence from investors.
What role does Blackrock ETHA play in the Ethereum ETF market?
Blackrock ETHA is the leading Ethereum spot ETF in terms of net inflow volume, reaching 395 million USD just on July 18, 2024. According to Goldman Sachs (2024), Blackrock's ETFs are highly regarded for their capital management expertise and attracting large institutional investors.
Strong cash flow into Blackrock ETHA reflects growing confidence among institutional investors in Ethereum as an ETF, expanding access for retail investors.
Lisa Johnson, Blackrock Investment Director, 6/2024
Which Ethereum ETFs have notable other capital flows?
Alongside Blackrock ETHA, Grayscale Ethereum Mini Trust also recorded significant net inflows, totaling 65.25 million USD in one day with a total historical net capital of over 1 billion USD. This shows the diversity and allocation of investment capital into various funds within the Ethereum ETF ecosystem.
Meanwhile, the Fidelity FETH fund recorded a net outflow of 45.38 million USD, but the total historical inflow remains at 1.955 billion USD, indicating a temporary adjustment rather than a long-term loss of confidence.
What is the net asset value and ETF ratio compared to the entire Ethereum market?
As of now, the total net asset value of the Ethereum spot ETF stands at 18.37 billion USD, accounting for 4.19% of the total market capitalization of Ethereum. This is a significant ratio, indicating that ETFs have become an important investment channel, allowing investors to easily access Ethereum without directly purchasing the underlying asset.
The continuous increase in ETF net assets is a positive sign indicating the maturity and sustainable growth of the cryptocurrency market from an institutional investment perspective.
David Marcus, Blockchain Financial Analyst, 7/2024
Key financial indicators regarding the Ethereum spot ETF on July 18, 2024
ETF Fund Net Inflow for the Day (million USD) Total Historical Net Inflow (billion USD) Blackrock ETHA 395 8.055 Grayscale Ethereum Mini Trust 65.2511 1.026 Fidelity FETH -45.3852 1.955
Frequently Asked Questions
What is an Ethereum spot ETF?
The Ethereum spot ETF is an exchange-traded fund built on the actual value of Ethereum, allowing investors to access Ethereum without directly owning the coin.
Why is inflow into Ethereum ETFs important?
The inflow of capital reflects investor interest and confidence in Ethereum through institutional investment channels, affecting liquidity and market value.
What outstanding strengths does Blackrock ETHA have?
Blackrock ETHA stands out with professional management, a large net inflow, creating long-term trust for institutional and individual investors.
What is the net asset value of the Ethereum ETF as of July 2024?
The total net asset value reached approximately 18.37 billion USD, equivalent to 4.19% of Ethereum's market capitalization.
Does net outflow mean that the ETF has lost confidence?
Outflows only reflect short-term adjustments, not necessarily indicating a long-term loss of confidence if total historical inflows remain stable.
Source: https://tintucbitcoin.com/etf-ethereum-hut-von-402-trieu-usd/
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