Ethereum

Billion

Spot

<ul> 
 <li>Spot Ethereum ETFs attract $2.2 billion, the most significant inflow since Dec 2022.</li> 
 <li>Bitcoin sets new record with $19 billion YTD inflows amid U.S. election speculation.</li> 
 <li>Grayscale Ethereum Trust faces over $1.5 billion in withdrawals after new ETF launches.</li> 
</ul> 
<p>The U.S. financial markets have successfully launched spot Ethereum exchange-traded funds (ETFs), with substantial inflows totaling $2.2 billion.<br><br>According to CoinShares’ most recent report, this development coincided with a 542% surge in investments in Ethereum exchange-traded products (ETPs). These funds launched recently, have significantly raised interest in Ethereum-based assets, resulting in one of the largest inflows since December 2022.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> The launch of the <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> ETF saw inflows of $2.2bn, while digital asset investment products saw inflows of $245m, and <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> continued to see healthy inflows of $519m.<br> <br>For more insights, read our full report: <a href="https://t.co/buXZfPZYm3">https://t.co/buXZfPZYm3</a> <a href="https://t.co/IgBS7ryP9e">pic.twitter.com/IgBS7ryP9e</a></p>— CoinShares (@CoinSharesCo) <a href="https://twitter.com/CoinSharesCo/status/1817901235820736899?ref_src=twsrc%5Etfw">July 29, 2024</a>
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<p>Despite the influx into new ETFs, existing Ethereum funds experienced a balance of inflows and outflows. Grayscale’s Ethereum Trust faced a notable $285 million net outflow, contrasting sharply with the positive trends of the newly issued funds.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-market-dynamics-bitcoin-and-ethereum">Market Dynamics: Bitcoin and Ethereum</h2> 
<p>Similar to Ethereum’s excitement, <a href="https://cryptonewsland.com/bitcoin-etfs-hit-second-highest-inflows-day-with-886-6-million/" target="_blank" rel="noreferrer noopener sponsored nofollow">Bitcoin</a> has also seen robust investment activity. Over the past month, Bitcoin attracted $3.6 billion in inflows, contributing to a year-to-date surge totaling $19 billion—setting a new historical peak for Bitcoin investments.<br><br>According to CoinShares, this surge is fueled by speculation on the upcoming U.S. elections and renewed confidence among investors, anticipating a potential Federal Reserve rate cut in September.</p> 
<p>These trends highlight cryptocurrencies’ growing popularity as viable investment possibilities, as evidenced by increased inflows and trading volumes. The total trading volume for all digital assets reached an all-time high in May, spurred by anticipation of new market entrants like the Ether ETFs.</p> 
<h2 class="wp-block-heading" id="h-grayscale-s-performance-amidst-new-etfs">Grayscale’s Performance Amidst New ETFs</h2> 
<p>In contrast to the general market growth, <a href="https://cryptonewsland.com/grayscales-gbtc-sees-positive-inflow-after-prolonged-downturn/" target="_blank" rel="noreferrer noopener sponsored nofollow">Grayscale’s</a> Ethereum-related products have shown mixed results. While the Ethereum Mini Trust recorded a net inflow of $44.9 million in a single day, the larger Ethereum Trust ETF had more than $1.5 billion withdrawn since introducing the new spot Ether ETFs. This ind... </p>
<p>The post <a href="https://cryptonewsland.com/ethereum-etf-launch-ignites-market-with-2-2-billion-inflows/">Ethereum ETF Launch Ignites Market with $2.2 Billion Inflows</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Ethereum ETF Launch Ignites Market with $2.2 Billion Inflows

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