• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Ethereum

Did Ethereum ETFs help BlackRock surpass Grayscale’s holdings?

n70products by n70products
August 18, 2024
in Ethereum
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


  • BlackRock surpassed Grayscale in ETFs holdings for the primary time.
  • BlackRock ETFs hit $21,217,107,987, whereas Grayscale ETFs stood at $21,202,480,698 at press time.

BlackRock ETFs have made a historic shift, overtaking Grayscale ETFs for the primary time. In accordance with an X (previously Twitter) publish by Arkham Intelligence,

” Rocket ETF holdings overtake Grayscale for the primary time. BlackRock’s ETFs IBIT and ETHA have simply overtaken Grayscale’s ETFs GBTC, BTC Mini, ETHE and ETH Mini in on-chain holdings. Blackrock ETFs now have the most important collective holdings of any supplier.”

This improvement positions BlackRock because the chief within the ETF market after overtaking Grayscale, which has been the dominant participant for a very long time.

blackrock ethereumblackrock ethereum

Supply: Coinglass

At press time, BlackRock’s whole holdings hit $21,217,107,987, whereas Grayscale ETF’s whole holdings adopted carefully behind at $21,202,480,698.

Implications for Ethereum, Bitcoin

aumaum

Supply: Coinglass

The cryptocurrency market skilled important actions in ETF flows since this information broke.

Notably, spot Bitcoin [BTC] ETFs noticed a web influx of roughly $35.9 million, with notable contributions from Constancy ($61.3 million) and BlackRock ($20.4 million).

In the meantime, Grayscale’s Bitcoin Belief (GBTC) noticed an outflow of $72.9 million.

flowflow

Supply: Coinglass

Ethereum [ETH] ETFs noticed main actions as effectively. Spot Ethereum ETFs recorded a web outflow of $15 million.

Throughout the Ethereum ETFs, Grayscale’s ETHE had an outflow of $27.743 million, whereas BlackRock’s ETHA and Constancy’s FETH had inflows of $10.33 million and $7.21 million, respectively.

Due to this fact, the entire web circulate for ETH spot ETFs was $7.352 billion at press time.

eth 1eth 1

Supply: Coinglass

The shift in choice between BlackRock and Grayscale might considerably impression crypto, particularly concerning investor confidence.

Elevated demand for ETFs

The demand for ETFs has skilled exponential progress YoY. As an illustration, in 2022, the web share issuance of ETFs was $609 billion. In 2023, it was $597 billion.

Nonetheless, there was a drastic surge in demand in 2024 because the approval of Bitcoin spot ETFs in January, and Ethereum spot ETFs in July.

farside etfsfarside etfs

Supply: Farside Traders

Earlier: Avalanche nears $19.48 support: Can AVAX cross $25 soon?
Subsequent: Kaspa drops after rally to $0.21 – Where will KAS head next?



Source link

Tags: BlackRockETFsEthereumGrayscalesholdingssurpass
Previous Post

Trader Says Bitcoin and Crypto Witnessing Final Weeks of Pain, Predicts Big Breakout for Altcoin Market

Next Post

Bitcoin Slips Below 200-Day SMA, Presents Dual Price Potential

Next Post

Bitcoin Slips Below 200-Day SMA, Presents Dual Price Potential

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Solana Price Outlook Amid Cautious Optimism

Solana Price Outlook Amid Cautious Optimism

December 24, 2024

Ethereum: Analyst claims ‘junk coin’ ETH is ‘Bitcoin pretender’ despite ‘Etheridiots’

April 6, 2024
ETH price prospects dim as Ethereum DEX volumes drop 34% in a week

ETH price prospects dim as Ethereum DEX volumes drop 34% in a week

March 19, 2025

Recents

ETH Price Recovery to $3,000 Soon Amid Staking Push for Ethereum ETFs

ETH Price Recovery to $3,000 Soon Amid Staking Push for Ethereum ETFs

June 1, 2025
Cronos Defies Crypto Market Downtick on Friday As Asset Manager Canary Capital Files for CRO ETF

Cronos Defies Crypto Market Downtick on Friday As Asset Manager Canary Capital Files for CRO ETF

June 1, 2025
US opens door to retirement savers purchasing crypto tokens

US opens door to retirement savers purchasing crypto tokens

June 1, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high hits Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version