Ethereum spot ETF records net capital inflow of up to 453 million USD in one day, focusing mainly on Blackrock's ETHA ETF.
The total net asset value of Ethereum spot ETFs reached 20.661 billion USD, accounting for 4.64% of Ethereum's total market capitalization, with cumulative capital inflow exceeding 9.3 billion USD.
- Net capital inflow of Ethereum spot ETF on 25/7 reached 453 million USD.
- Blackrock ETF ETHA leads with 440 million USD net capital inflow.
- Total asset value of Ethereum spot ETF reached 20.661 billion USD, accounting for 4.64% of the ETH market.
What is Ethereum spot ETF and its role in the cryptocurrency market?
Ethereum spot ETF is a trading fund that allows investors to directly access Ethereum prices without owning actual ETH. According to data from SoSoValue, this ETF market is making a significant contribution to cryptocurrency capital flow due to its transparency and convenience.
Investing in Ethereum spot ETF helps investors reduce technical and storage risks compared to traditional storage wallets, while being professionally managed by reputable financial institutions like Blackrock, helping to expand the Ethereum market scale.
How have Ethereum spot ETFs recorded net capital flows recently?
On 25/7 Vietnam time, the total net capital flow of Ethereum spot ETFs reached 453 million USD, mainly concentrated in the Blackrock ETF ETHA with 440 million USD, establishing a cumulative net capital flow of up to 9.348 billion USD.
Additionally, Grayscale Ethereum Mini Trust ETF recorded a net capital flow of 18.866 million USD, raising the total accumulation to 1.197 billion USD. At the same time, the Grayscale Ethereum Trust ETF ETHE had the largest net outflow of the day, reaching 23.490 million USD, with a cumulative net outflow of 4.291 billion USD.
The continued net capital inflow into Ethereum spot ETFs is clear evidence of investors' confidence in Ethereum's long-term growth potential and market liquidation.
Nguyen Minh Hoang, Cryptocurrency Analysis Expert, July 2024
What is the current net asset value and ETF ratio to Ethereum's total market capitalization?
The total net asset value of Ethereum spot ETFs reached 20.661 billion USD, accounting for about 4.64% of Ethereum's total market capitalization. This figure reflects the level of interest and impact of ETF funds on the Ethereum market.
With a cumulative net capital flow of up to 9.335 billion USD, Ethereum spot ETFs not only enhance liquidation but also contribute to diversifying investment methods for individual and institutional investors globally.
"Ethereum spot ETF is becoming an attractive investment channel, contributing to promoting sustainable development and attracting new capital from the traditional financial market."
Tran Thanh Nam, Fund Management Director, 2024
Frequently Asked Questions about Ethereum spot ETF
What is Ethereum spot ETF?
Ethereum spot ETF is a trading fund that allows direct investment in Ethereum prices without owning physical Tokens, helping to reduce storage risks and be more convenient.
Why is the Blackrock ETF ETHA popular?
With its ability to raise large net capital and the reputation of Blackrock, ETHA has become the most capital-attracting Ethereum spot ETF currently.
What does cumulative net capital flow mean?
Cumulative net capital flow reflects long-term investor confidence in the fund and the development potential of the underlying asset, such as Ethereum.
What is the current total net asset value of Ethereum ETF?
Approximately 20.661 billion USD, accounting for 4.64% of Ethereum's total market capitalization, showing a significant influence in the cryptocurrency market.
What are the risks of Ethereum spot ETF?
Market price volatility risks still exist, however, professional management helps minimize risks compared to holding ETH directly.
