Etherum Exchange-Traded Funds Suffer $11.93 Million Loss with ETHA Incurring Highest Volume of 13.18 Million
Title: Breaking Down Ethereum ETFs: A Dive into Net Inflows, Assets, and Trading Activity
In the realm of crypto markets, let's delve into the recent performance of Ethereum-based exchange-traded funds (ETFs), focusing on net inflows, net assets, and trading activity.
As of the latest reports, the daily net outflow for Ethereum ETFs amounted to -$11.93M, but cumulative net inflows reached a whopping $2.71B. This inflow represents 2.98% of Ethereum's market cap and a traded value of $386.85M.
Conducting the Rank and File
Using data from SoSoValue, Grayscale's ETHE takes the lead with a staggering $2.68B in assets. Nearby, Grayscale's ETH anchors at $1.03B, Fidelity's FETH at $943.73M, and Bitwise's ETHW at $208.27M. Other key players include VanEck's ETHV ($100.96M), Franklin's EZET ($27.21M), Invesco's QETH ($16.53M), 21Shares' CETH ($15.84M), and BlackRock's ETHA at $2.79B, though data on ETHA is incomplete.
Interestingly, ETHA tops the charts in trading volume with an impressive 13.18M shares, outpacing other funds.
The Ups and Downs of Daily Fluctuations
As for the daily percentage changes, most ETFs experienced negative movements. Grayscale's ETHE fell by 1.96% to $18.00, while ETH dropped by 2.12% to $20.31. Other notable declines include Fidelity's FETH, Bitwise's ETHW, and VanEck's ETHV. In contrast, 21Shares' CETH and ETHA experienced slightly less decline.
Trading Activity in the Crypto World
The trading volumes indicate significant activity, with Grayscale's ETHE recording an impressive 4.61 million shares traded, followed closely by Ethereum with 2.17 million shares. Fidelity managed 1.38 million shares, while ETHW and ETHV saw 279.9K and 41.49K shares, respectively. On the lower-volume end, EZET, QETH, and CETH recorded 59.94K, 17.67K, and 333.75K shares traded, respectively. BlackRock's ETHA maintained its top ranking in volume with 13.18 million shares.
Beyond the Headlines
While specific rankings by trading volume and net assets aren't readily available, the iShares Ethereum Trust (ETHA) is known to be the largest spot Ethereum ETF with approximately $2.3 billion in assets. This fund has experienced substantial gains but has dropped 43% from its highest price since trading began. Other notable ETFs include the Grayscale Ethereum Trust, Fidelity, Bitwise, and others.
It's essential to consult a financial database or service that tracks ETF performance for a comprehensive ranking by trading volume and net assets. Keep your eyes open for these insights and stay tuned for more updates on Ethereum and the ever-evolving crypto market! 🔥🛠️💰
The cryptocurrency market has seen intense investing activity with Ethereum-based exchange-traded funds (ETFs), as Grayscale's ETHE leads the pack with a whopping $2.68B in assets. In terms of trading volume, BlackRock's ETHA remains at the forefront with 13.18M shares traded, highlighting the technology's significance in the finance realm.
