Bitcoin and Ethereum ETFs See Influx of Investments as Markets Recover
Spot Bitcoin ETFs have seen significant inflows this week, with around $1.24 billion invested as markets recover. On July 19 alone, $384 million flowed in, led by Fidelity with $140 million.
Spot Bitcoin ETFs saw massive inflows this week, with about $1.24 billion in new money entering the funds as markets begin to recover from recent losses.
On July 19, a single day, saw $384 million in net creation, led once again by Fidelity, which saw $140 million in inflows.
The Chicago Board Options Exchange announced that five Ethereum ETFs will launch on July 23, pending final regulatory approval. The funds are from 21Shares, Fidelity, Invesco Galaxy, VanEck and Franklin.
Most issuers are planning to waive or discount fees initially in a bid to attract investors, creating a competitive landscape.
Grayscale also announced plans to spin off a portion of its Bitcoin Trust into a new exchange-traded fund that will trade at a lower price, called the Grayscale Bitcoin Mini Trust.
The strategy will also extend to its Ethereum product, with a new Grayscale Ethereum Mini Trust launching on July 31.
Existing shareholders of ETHE will receive a proportional distribution of shares in the new mini trust, effectively diversifying their investment.
Bloomberg ETF analyst James Seyffart noted that the spinoffs would result in a distribution of value, with $1,000 in ETHE or GBTC translating to $900 in the original fund and $100 in the new mini ETFs.
The move is seen as a strategic effort to enhance market appeal and investor returns by offering more flexible investment options with potentially lower fees.
The above is the detailed content of Bitcoin and Ethereum ETFs See Influx of Investments as Markets Recover. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics











This new financial instrument would track the token's market price, with a third-party custodian holding the underlying AVAX

In a devastating blow to investors, the OM Mantra cryptocurrency has collapsed by approximately 90% in the past 24 hours, with the price plummeting to $0.58.

Have you noticed the meteoric rise of meme coins in the cryptocurrency world? What started as an online joke has quickly evolved into a lucrative investment opportunity

A group of former Kraken executives acquired U.S.-listed company Janover, which secured $42 million in venture capital funding to begin building a Solana (SOL) treasury.

The crypto market has witnessed a rebound following the recent sheer downturn. As per the exclusive market data, the total crypto market capitalization has reached $2.71Ts

As fear drives selling in the crypto market, major coins like Cardano and Solana face tough times.

Bitcoin (BTC) has outperformed Ethereum by over 85% in realized market capitalization growth, according to data provided by on-chain analytics platform Glassnode on April 10.

The draft bill purportedly aims to address environmental impacts from rising energy demand and protect households from higher energy bills