Ethereum

2024

BlackRock

<p>A significant reshuffling occurred on the second day of the spot Ethereum ETF launch. On-chain data reveals that the BlackRock iShares Ether ETF received a total of 76,669 ETH from Coinbase Prime, indicating strong institutional interest in BlackRock’s newly introduced Ethereum fund.</p> 
<h2 id="blackrock-ethereum-etf-in-demand">BlackRock Ethereum ETF in Demand</h2> 
<p>Within two days of launch, the BlackRock Ether ETF seems to be hogging all the limelight. On the first day of the <a href="https://coingape.com/spot-ethereum-etf-register-105-million-inflows-first-day-blackrock-leads/" target="_blank" rel="noopener">spot Ethereum ETF</a> launch, BlackRock’s iShares ETF saw a staggering $266 million in inflows. However, the inflows have dropped significantly on the second day with BlackRock managing to attract only $17 million in net. As of now, <a rel="nofollow" href="https://www.blackrock.com/us/individual/products/337614/ishares-ethereum-trust-etf" target="_blank">BlackRock</a> holds a total of 79,699 ETH.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">BlackRock(iShares) Ethereum ETF wallet received 76,669 <a rel="nofollow" href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>($262.4M) from <a rel="nofollow" href="https://twitter.com/hashtag/CoinbasePrime?src=hash&amp;ref_src=twsrc%5Etfw">#CoinbasePrime</a> 10 hours ago.</p> 
 <p>According to <a rel="nofollow" href="https://twitter.com/hashtag/BlackRock?src=hash&amp;ref_src=twsrc%5Etfw">#BlackRock</a>‘s official website, <a rel="nofollow" href="https://twitter.com/hashtag/BlackRock?src=hash&amp;ref_src=twsrc%5Etfw">#BlackRock</a> currently holds 79,699 <a rel="nofollow" href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>($277M).<a rel="nofollow" href="https://t.co/sefS6WTlHz">https://t.co/sefS6WTlHz</a> <a rel="nofollow" href="https://t.co/pvEGrWxvT9">pic.twitter.com/pvEGrWxvT9</a></p> 
 <p>— Lookonchain (@lookonchain) <a rel="nofollow" href="https://twitter.com/lookonchain/status/1816313465935651213?ref_src=twsrc%5Etfw">July 25, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>As per the data from Farside Investors, the spot Ethereum ETFs have lost steam seeing a staggering $133 million of outflows on the second day of launch. Thus, it brings the net flow for Ether ETFs into the negative territory.</p> 
<p>Also Read: <a href="https://coingape.com/breaking-hashdex-files-s-1-for-combined-spot-bitcoin-and-ethereum-etf/" target="_blank" rel="noopener">Hashdex Files S-1 For Combined Spot Bitcoin and Ethereum ETF</a></p> 
<p>The Grayscale Ethereum Trust (ETHE), now converted into an ETF, is responsible for most outflows. On Wednesday, July 24, the Grayscale’s ETHE saw net outflows of $386 million taking the two days of outflows to more than $811 million. As a result, the AUM for Grayscale ETHE has now slipped under $8.0 billion. On the other hand, the Grayscale Ethereum mini-Trust saw its inflows surging to $45 million.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">In the past 24 hours, <a rel="nofollow" href="https://twitter.com/hashtag/Grayscale?src=hash&amp;ref_src=twsrc%5Etfw">#Grayscale</a> transferred 140,044 <a rel="nofollow" href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>($485.6M) to <a rel="nofollow" href="https://twitter.com/hashtag/CoinbasePrime?src=hash&amp;ref_src=twsrc%5Etfw">#CoinbasePrime</a>, and received 4,382 <a rel="nofollow" href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>($14.8M) from <a rel="nofollow" href="https://twitter.com/hashtag/CoinbasePrime?src=hash&amp;ref_src=twsrc%5Etfw">#CoinbasePrime</a>, with a net outflow of 135,662 <a rel="nofollow" href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>($470.8M)!</p> 
 <p>According to <a rel="nofollow" href="https://twitter.com/hashtag/Grayscale?src=hash&amp;ref_src=twsrc%5Etfw">#Grayscale</a>‘s website, <a rel="nofollow" href="https://twitter.com/hashtag/Grayscale?src=hash&amp;ref_src=twsrc%5Etfw">#Grayscale</a> currently holds 2,489,075 <a rel="nofollow" href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>($7.9B).… <a rel="nofollow" href="https://t.co/2LYaRinh4h">pic.twitter.com/2LYaRinh4h</a></p> 
 <p>— Lookonchain (@lookonchain) <a rel="nofollow" href="https://twitter.com/lookonchain/status/1816315780398735451?ref_src=twsrc%5Etfw">July 25, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 id="eth-price-under-selling-pressure">ETH Price Under Selling Pressure</h2> 
<p>The <a href="https://coingape.com/price/ethereum/" target="_blank" rel="noopener">Ethereum price</a> has come under strong selling pressure recently tanking by more than 8% and dropping all the way to $3,150 levels. It turns out that the Ethereum ETF approval has been a sell-the-news event as investors cash out profits in the run-up before the ETF approval.</p> 
<p>Market analysts state that similar to Bitcoin, Ethereum could be seeing two weeks of downtrend before resuming the journey to a new all-time high.</p> 
<p>Also Read: <a href="https://coingape.com/ethereum-price-falling-today/" target="_blank" rel="noopener">Here’s Why Ethereum Price Is Falling Today</a></p> 
<p>The post <a href="https://coingape.com/blackrock-ethereum-etf-wallet-receives-76669-eth-from-coinbase/">BlackRock Ethereum ETF Wallet Gets 76,669 ETH From Coinbase</a> appeared first on <a href="https://coingape.com">CoinGape</a>.</p>

BlackRock Ethereum ETF Wallet Gets 76,669 ETH From Coinbase

Mục lục

Coingape News Media

Các bài viết khác được xuất bản trên 25 thg 7, 2024

ADGM RA Prioritizes DLT Foundations Oversight in 2024 Regulatory Agenda

Ethereum Spot ETFs Debut in U.S. Exchanges, Supported by Major Issuers

RBI, SEBI Collaborate To Develop India Crypto Policy, Paper Due In Q3

3.6 Billion XRP in 24 Hours, What's Happening?

Ethereum Experiences Sharp Decline After Spot ETF Launch

AltLayer Price Likely to Experience Volatility with Upcoming $115 Million Token Release

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!