Oh, what a difference a year makes! The nine U.S. ethereum-based exchange-traded funds (ETFs) have been busily accumulating ether like bees to honey, amassing a staggering 5.73 million ETH—worth approximately $21.8 billion. And here we thought they’d just be sipping tea and gossiping on Wall Street!
Ethereum ETFs Hit $21.8B as Institutions Gobble Up Ether
Launched on the rather dramatic date of July 23, 2024, these Ethereum ETFs didn’t exactly glide into the market like swans. Oh no, they waddled in with a bit of a wobble, experiencing significant outflows, thanks to Grayscale’s Ethereum Trust (ETHE) offloading a whopping $4.3 billion worth of holdings. But fear not, dear readers, ETHE still stands proudly as the second-largest ETF by ether holdings, proving that even after a few stumbles, one can rise again, more fabulous than ever! 💃
Leading the charge is Blackrock’s ETHA fund, which has amassed a towering 3,018,770 ETH, worth just over $11.47 billion. Since its grand entrance, ETHA has managed to draw in a cool $9.06 billion in cumulative inflows, proving that when it comes to financial wizardry, Blackrock is the real-life Gandalf. 🧙♂️ Trailing behind, but not without a bit of flair, Grayscale’s ETHE holds 1,129,021.39 ETH, valued at $4.29 billion. Fidelity’s FETH fund rounds out the top three with 684,874.19 ETH, or about $2.6 billion. It seems the big boys are all in this game, and they’re playing it like a Broadway show—dramatic, extravagant, and with a bit of sparkle. ✨
Grayscale’s Ethereum Mini Trust adds another 666,074.8562 ETH to the mix, contributing roughly $2.53 billion in ether. Bitwise’s ETHW follows with 138,264.83 ETH ($525.8 million), and Vaneck’s ETHV brings 56,748.325 ETH ($215.8 million) to the table. Franklin Templeton’s EZET fund adds a modest 20,122.61 ETH, worth about $76.5 million. It’s a veritable feast of numbers, isn’t it? 🥳
And let’s not forget the smaller players who add their own touch of charm. 21shares’ CETH holds 10,491.06 ETH worth $39.9 million, while Invesco Galaxy’s QETH controls 10,074 ETH valued at $38.3 million. Together, these nine funds now hold 4.75% of ETH’s total circulating supply of 120,710,561 coins. The recent surge in ETF inflows aligns perfectly with the growing trend of crypto firms adding ETH to their treasuries, much like collecting vintage couture. 🎩✨
For instance, the publicly traded Bitmine Immersion Technologies boasts 625,000 ETH on its books, while Sharplink Gaming carries 449,276 ETH. Though not ETFs themselves, these firms offer an enticing indirect exposure to the second-largest crypto asset by market value. As companies continue to stack ETH and ETFs attract fresh inflows, the momentum only grows, fueling additional demand for the asset. It’s a beautiful cycle, much like a well-choreographed dance number. 🕺💃
Read More
- MNT PREDICTION. MNT cryptocurrency
- USD PKR PREDICTION
- INJ PREDICTION. INJ cryptocurrency
- TON PREDICTION. TON cryptocurrency
- USD UAH PREDICTION
- SHIB PREDICTION. SHIB cryptocurrency
- ONDO PREDICTION. ONDO cryptocurrency
- HYPE PREDICTION. HYPE cryptocurrency
- DOT PREDICTION. DOT cryptocurrency
- BNB PREDICTION. BNB cryptocurrency
2025-07-31 22:58