Ethereum spot ETF continues to attract strong inflows with a total net asset value of 18.37 billion USD and a market dominance ratio of 4.19%.
In the week from July 14 to 18, net inflows into Ethereum ETFs increased impressively, led by Blackrock's ETHA ETF with 1.76 billion USD, marking a new record for weekly inflows.
MAIN CONTENT
Ethereum spot ETF attracted a net inflow of 2.18 billion USD in the week of July 14-18.
Blackrock's ETHA ETF leads with 1.76 billion USD in new inflows, totaling 8.06 billion USD.
The total net asset value of Ethereum spot ETF reached 18.37 billion USD, accounting for 4.19% of Ethereum's market capitalization.
What is an Ethereum spot ETF and why does it attract significant inflows?
Ethereum spot ETF is an exchange-traded fund backed by actual Ethereum assets, providing a transparent and convenient investment solution for institutional and individual investors.
According to the investment director of a leading global asset management firm, the growth of ETF funds is directly linked to the acceptance and trust of investors in Ethereum as the underlying asset, contributing to increased liquidity and price stability.
Which ETF held the largest inflows last week?
Blackrock's ETHA ETF leads with a net inflow of 1.76 billion USD last week, bringing the total accumulated net inflow to 8.06 billion USD, according to SoSoValue data.
In addition, Grayscale's Mini Trust ETH also recorded a net inflow of 202 million USD, helping the total accumulated inflow exceed 1 billion USD, creating significant appeal for long-term investors.
"Ethereum ETFs with assets backed by reality are becoming superior investment tools, helping to increase market access for various investors," - Blackrock's investment director said in July 2024.
(Source: SoSoValue Report, 2024)
What is the current proportion of Ethereum spot ETF in the Ethereum market?
The net asset ratio of Ethereum spot ETF compared to the total market value of Ethereum currently stands at 4.19%, indicating that the ETF is increasingly dominating the market share and playing an important role in the cryptocurrency investment ecosystem.
With a total net asset value of up to 18.37 billion USD, the strong inflow into these ETFs is a positive sign of confidence and stable development of Ethereum in the global market.
Do all Ethereum ETFs share the same inflow trend?
In the week from July 14 to 18, all 9 Ethereum ETFs recorded positive net inflows, most reaching record weekly net inflows, reflecting strong investor consensus in the Ethereum market.
"The simultaneous growth of Ethereum ETFs reflects an increasingly sustainable investment trend and widespread acceptance from institutional investors, even amid market volatility," - Leading cryptocurrency analyst reported in July 2024.
(Source: Cryptocurrency Market Analysis, 2024)
Frequently Asked Questions
What is an Ethereum spot ETF?
It is an exchange-traded fund backed by actual Ethereum, allowing investors to trade easily through the stock market with high liquidity.
Why has the inflow into Ethereum spot ETF increased significantly?
The inflow increased because the ETF provides a safe and transparent investment solution and allows easy access to Ethereum assets without needing to hold coins directly.
Which ETF leads in net inflow in Vietnam and globally?
Blackrock's ETHA ETF is the global leader in net inflows last week, with a total accumulated value of 8.06 billion USD.
What is the net asset ratio of Ethereum spot ETF compared to Ethereum's market capitalization?
Currently accounting for about 4.19%, reflecting the market's broad acceptance of this ETF.
Do Ethereum ETFs attract consistent inflows?
All 9 Ethereum ETFs recorded positive net inflows during the same period, indicating strong investor consensus.
Source: https://tintucbitcoin.com/etf-ethereum-lap-ky-luc-von-moi/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
