US spot Ethereum ETFs record $106 million net inflows on debut

2024-7-24 10:56

The US spot Ethereum exchange-traded funds market saw $106.7 million in net inflows on their first trading. BlackRock’s ETHA led with $266.5 million in inflows, while Grayscale’s ETHE recorded the most outflows.

Having received the nod from the Securities and Exchange Commission following final regulatory filings, nine spot ETFs went live on July 23.

Together, they raked in more than $1 billion in trading volume as BlackRock led inflows with its iShares Ethereum Trust fund. As expected, Grayscale’s Ethereum Trust recorded significant outflows.

ETH spot ETFs see $106 million in net inflows

According to market data, BlackRock’s ETHA registered most demand with investors scooping $266.5 million on day one.

Meawhile, Bitwise had the second most inflows with $204 million for its ETHW product. Fidelity saw the third highest inflows for its FETH, with $71.3 million recorded on the ETFs trading debut.

While Grayscale’s ETHE saw outflows of $484.1 million, the firm’s Ethereum Mini Trust ETH recorded a modest $15.1 million in inflows. The other four funds saw $13.2 million for Franklin Templeton’s EZET, $7.6 million for VanEck’s ETHV, $7.5 million for 21Shares’ CETH and $5.5 million for Invesco Galaxy’s QETH.

Trading volume surpassed $1 billion

The ETFs saw a combined total volume of over $1.1 billion, data that Bloomberg ETF analyst James Seyffart shared showed. Excluding ETH trading volume of over $469 million, the total for the other eight that all saw inflows comes to around $642 million.

Meanwhile, total inflows minus the ETH outflows reached over $590.9 million.

US Ethereum spot ETFs inflows and trading volume on first day. Source: Bloomberg analyst James Seyffart on X

Commenting on the overall performance of the US Ethereum spot ETFs, Seyffart called it a “very solid first day,”

According to data from SoSoValue, the total net assets in the ETFs was $10.24 billion as of July 23. The value accounted for about 2.45% of the Ethereum market cap, which stood at $413 billion at the time of writing.

The post US spot Ethereum ETFs record $106 million net inflows on debut appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3283.78 (-2.21%)
Объем 24H $47.943b
Изменеия 24h: 5.16 %, 7d: 7.13 %
Cегодня L: $3039.69 - H: $3364.01
Капитализация $395.458b Rank 2
Цена в час новости $ 3452.28 (-4.88%)

inflows million spot 106 ethereum led 266

Источник: coinjournal.net

inflows million → Результатов: 126


Bitcoin Whales Looking To Buy The Dip As $222 Million Worth Of Stablecoins Flow Into Exchanges

On-chain data shows huge inflows of $222 million worth of stablecoins on exchanges, suggesting Bitcoin whales might be looking to buy the dip. Centralized Exchanges Observe $222 Million Worth Of Stablecoin Inflows As pointed out by a CryptoQuant post, centralized exchanges saw inflows of more than $222 million worth of stablecoins yesterday.

2021-8-18 22:00


Фото:

Institutional Confidence Gradually Returning to Bitcoin (BTC) and Altcoins, Data Suggests

Coinshares has revealed in its weekly Digital Assets Fund Flows report released on July 5, 2021, that global digital asset investment managers have seen significant inflows totalling $63 million into their crypto products for the first time in five weeks, a strong indication that investor sentiment is becoming positive once again. Investor Confidence Returns WhileRead More

2021-7-6 19:00


Inflows Recorded Across Digital Assets for the First Time in 9 Weeks: CoinShares Report

After five weeks of consecutive outflows, digital asset investment products finally saw inflows last week totaling $63 million in the week ending July 2nd, according to CoinShares’ data. It was also the first time in nine weeks that inflows were seen across all individual digital assets, “implying a turnaround in sentiment amongst investors.

2021-7-5 20:24


Cryptocurrency Inflows Record A Five-Week High; XRP Captures Institutional Interest

Inflows into digital asset investment products totaled $233 million last week, the largest since early March. It is, however, nowhere near the record inflow seen in late January. CoinShares, one of the largest crypto asset managers, in its weekly report wrote, “We believe this recent renewed appetite for digital assets is due to a combination […] The post Cryptocurrency Inflows Record A Five-Week High; XRP Captures Institutional Interest first appeared on BitcoinExchangeGuide.

2021-4-21 18:48


Ethereum Fund Inflows Nearly Double Over Last Week as Investors Switch Focus: CoinShares

Last week’s highlight has been Ethereum than Bitcoin as fund flows doubled from $87 million to $160 million, as per CoinShares weekly fund flow report. While Bitcoin has captured institutional investors' attention, high net worth individuals, family offices, and insurance companies, Ethereum is also trying to follow the leading cryptocurrency.

2020-12-15 17:30


Фото:

Bitcoin Funds Attracted $4 Bln in Inflows in 2020, CoinShares AUM Surges to a Record $15 Bln: Report

Digital asset manager CoinShares saw its assets under management (AUM) rising to an all-time peak of $15 billion, which were standing at just $2.57 billion at the end of 2019. This surge is the result of institutional investors pumping the second-highest amount on record, $429 million, into the company’s crypto funds, for the week ending […] The post Bitcoin Funds Attracted Bln in Inflows in 2020, CoinShares AUM Surges to a Record Bln: Report first appeared on BitcoinExchangeGuide.

2020-12-9 21:59


Фото:

Here’s Why the PayPal News May Signal a Global Bitcoin “Hash War” is Looming

The crypto sphere was lit ablaze by news that PayPal and Venmo are both looking to roll out direct crypto trading capabilities to their users This comes as their competitor, CashApp, sees massive revenue inflows from its Bitcoin sales This is certainly a sign of growing retail adoption, and will place Bitcoin in front of the platform’s 325 million users scattered across the globe One prominent Bitcoin advocate is now noting that this marks the […]

2020-6-24 02:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Spot Crypto ETFs Prompted Bitwise to Rethink Its Fund Lineup

Bitwise announced the Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (BITC) on Friday, a fund that combines the Bitwise Bitcoin Strategy Optm Roll ETF (BITC), Bitwise Ethereum Strategy ETF (AETH) and Bitwise Bitcoin and Eth Eq Wgh Str ETF (BTOP).