Ethereum

Strong

Show

Spot

BlackRock

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-show-strong-interest-in-spot-ethereum-etfs/" data-wpel-link="internal">Investors Show Strong Interest in Spot Ethereum ETFs</a><br></p>
<p style="text-align: justify">Yesterday marked another significant milestone for the cryptocurrency world. We witnessed the trading of Spot Ethereum ETFs in the market. Cryptocurrencies have now become a reality that traditional finance must accept, solidifying their position as an important financial instrument. Let’s take a look at yesterday’s figures together.</p> 
<h2 style="text-align: justify" id="first-trading-day-of-spot-ethereum-etfs">First Trading Day of Spot Ethereum ETFs</h2> 
<p style="text-align: justify">Yesterday was the first trading day of <strong>Spot Ethereum ETFs</strong>. The entry of $106.78 million showed investors’ desire to invest in Ethereum. The only exit yesterday, similar to Bitcoin ETFs, occurred on the Grayscale side. Grayscale’s two Spot Ethereum ETFs saw an exit of $484 million from ETHE, while the other saw an entry of $15 million.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-373321 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/eth-1.png" alt="" width="1687" height="662"></p> 
<p style="text-align: justify">There were entries in other Spot Ethereum ETFs. This indicated that the exits from Grayscale were absorbed. Significant entries were observed in BlackRock and Bitwise, with $266 million and $204 million, respectively.</p> 
<p style="text-align: justify">Fidelity’s Spot Ethereum ETF saw an entry of $71 million, Franklin $13.21 million, VanEck $7.64 million, 21Shares $7.47 million, and finally, Invesco saw an entry of $5.54 million.</p> 
<h2 style="text-align: justify" id="current-status-of-spot-bitcoin-etfs">Current Status of Spot Bitcoin ETFs</h2> 
<p style="text-align: justify">Yesterday was a day of exits for Spot Bitcoin ETFs. The series was broken accordingly. The largest exit was from Bitwise, amounting to $70.32 million. In addition to Ark Invest’s $52 million exit, Grayscale also saw exits amounting to $27 million.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-373320 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-20.png" alt="" width="1679" height="710"></p> 
<p style="text-align: justify">Although BlackRock saw an entry of $71.94 million yesterday, the overall figures closed in the negative as other Spot Bitcoin ETFs recorded zero entries. With Spot Ethereum ETFs and <strong>Spot Bitcoin ETFs</strong>, the <a href="https://en.coin-turk.com/bitcoin-ripple-and-solana-market-dynamics-and-price-analysis/" data-wpel-link="internal">cryptocurrency market</a> will now be more sensitive to <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market conditions</a>. The coming days will clearly show the direction of these ETFs based on both Bitcoin and Ethereum prices. As of writing, Bitcoin, the flagship of cryptocurrencies, is at $65,823, while Ethereum, the leader of altcoins, is at $3,440.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-show-strong-interest-in-spot-ethereum-etfs/" data-wpel-link="internal">Investors Show Strong Interest in Spot Ethereum ETFs</a></h5>

Investors Show Strong Interest in Spot Ethereum ETFs

Table of Contents

COINTURK NEWS

Άλλα άρθρα που δημοσιεύτηκαν στις 24 Ιουλ 2024

Bitcoin Cash Price Slides 5% on Escalating Mt. Gox Creditors Kraken Withdrawals

Rollblock’s 200x potential excites experts; BNB, Polkadot view could be dim

Backed and Lisk Collaborate to Boost RWA Adoption in Emerging Markets

Cryptocurrency Market Faces Crucial Period

COTI Selected for Bank of Israel’s CBDC Initiative

YouTuber Updates JasmyCoin Price Prediction – ‘Once In A Lifetime’ JASMY Signal

Join our free newsletter for daily crypto updates!