Ethereum

For the week ending July 26, 2024, a net of $1.183 billion came into US spot Ethereum exchange-traded funds (ETFs). This does not include <a href="https://optimisus.com/news/crypto-news/grayscale-ethereum-etf-sees-over-1-billion-in-outflows-since-its-debut/" rel="noopener noreferrer nofollow">Grayscale’s ETHE</a> and ProShares’ EETH.Even though Grayscale’s ETHE lost $1.513 billion and ProShares’ EETH lost $8 million, most funds saw positive gains, which shows that investors are becoming more interested in the Ethereum ETF market as a whole.BlackRock’s ETHA and Fidelity’s FETH were the first to receive large amounts of capital, with $453 million in new investments and $224 million in net outflows.Butterfill’s data shows that the crypto investment scene is changing. Newer, more open funds are getting more money than older, more established ones. People think of Ethereum ETFs as better options. If this trend keeps up, <a href="https://optimisus.com/news/crypto-news/the-grayscale-ethereum-trust-ethe-has-lost-more-than-800-million/" rel="noopener noreferrer nofollow">Ethereum ETFs</a> could grow even more, bringing in both new and experienced investors.More people are becoming confident in Ethereum ETFs, and this change seems to be long-lasting, as money keeps flowing into BlackRock’s ETHA and Fidelity’s FETH. Investors think these funds will work and might even make more money than older ones, especially with the way the market is right now.This trend has a big effect on the Ethereum market as a whole because more money going into new Ethereum ETFs could make it more stable and liquid, which would attract even more buyers. This positive feedback process could make Ethereum ETFs even stronger in the market and lead to more new ideas in the ETF space.

US spot Ethereum ETFs surge with $1.18 billion in inflows, driven by strong performances from BlackRock’s ETHA and Fidelity’s FETH

Optimisus

Otros artículos publicados el 30 jul 2024

SEC sues BitClout founder Al-Naji, reveals he’s been feeding investors with lies

Rollblock and Cardano Holders Expect Strong Rallies On Important Updates; FET Investors Uncertain

Crypto market returns to fundamentals as new fundraising slows down

SEC Moves to Amend Complaint Against Binance, Binance.US, and Zhao: Solana (SOL) May Be Impacted

2 Cold Storage REITs to Buy as Industry Heats Up

Renowned Economist Alex Kruger Reveals Why Investors Should Buy Bitcoin

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!