Home web3.0 Bitcoin and Ethereum ETFs See Influx of Investments as Markets Recover

Bitcoin and Ethereum ETFs See Influx of Investments as Markets Recover

Jul 22, 2024 am 09:33 AM

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.

Bitcoin and Ethereum ETFs See Influx of Investments as Markets Recover

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!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

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

Hot Tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

Hot Topics

Java Tutorial
1664
14
PHP Tutorial
1268
29
C# Tutorial
1243
24
Nasdaq Files to List VanEck Avalanche (AVAX) Trust ETF Nasdaq Files to List VanEck Avalanche (AVAX) Trust ETF Apr 11, 2025 am 11:04 AM

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

OM Mantra Cryptocurrency Crashes 90%, Team Allegedly Dumps 90% of Token Supply OM Mantra Cryptocurrency Crashes 90%, Team Allegedly Dumps 90% of Token Supply Apr 14, 2025 am 11:26 AM

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.

TrollerCat ($TCAT) Stands Out as a Dominant Force in the Meme Coin Market TrollerCat ($TCAT) Stands Out as a Dominant Force in the Meme Coin Market Apr 14, 2025 am 10:24 AM

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

Is Wall Street Quietly Backing Solana? $42 Million Bet Says Yes Is Wall Street Quietly Backing Solana? $42 Million Bet Says Yes Apr 10, 2025 pm 12:43 PM

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 The Crypto Market Has Witnessed a Rebound Following the Recent Sheer Downturn Apr 13, 2025 am 11:40 AM

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, BlockDAG (BDAG) Stands Out from the Crowd As Fear Drives Selling, BlockDAG (BDAG) Stands Out from the Crowd Apr 13, 2025 am 11:48 AM

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 Cap Growth Bitcoin (BTC) Has Outperformed Ethereum by Over 85% in Realized Market Cap Growth Apr 11, 2025 am 10:12 AM

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.

US Senate Draft Legislation Threatens to Hit Data Centers Serving Blockchain Networks and Artificial Intelligence Models with Fees US Senate Draft Legislation Threatens to Hit Data Centers Serving Blockchain Networks and Artificial Intelligence Models with Fees Apr 12, 2025 am 09:54 AM

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