DRW Venture Capital, a cryptocurrency investment company that has grown steadily in popularity, recently revealed $150 million of Ethereum ETFs. In fact, the cryptocurrency investment product has continued to grow. DRW Venture Capital recently disclosed $150 million in Ethereum ETF holdings. filing With the US Securities and Exchange Commission, the ETF’s exposure to ETH has increased since its launch in July.
It has been a somewhat slow start for the second ETF based on crypto in the United States. The ETF reported net inflows of more than $4.9m on Thursday. Ether ETF issued by the company was another notable event. Grayscale Finally, the 14-day streak of outlfow is broken as a signal that this product has turned around.
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DRW discloses ETH ETF holdings in Products Thrive
ETFs have dominated the conversation in the cryptosphere since the beginning of 2018. Bitcoin In January, the US launched its first ETF based on crypto in order to promote the market. This product has been a huge success. BTC’s sales reached $73,000 in just three months.
Ethereum launched its ETF more than two months ago, with mixed reactions. This hasn’t slowed down institutional interest. In a recent filing, DRW Venture Capital disclosed $150 million of Ethereum ETFs.
Please Read This: Ethereum ETFs Get Positive August Start Despite Grayscale’s $2B in Outflows
It was revealed that the products had reversed a trend of outflow. Specifically, SosoValue data After three consecutive days with negative flows, nine Ether-based ETFs reported net inflows. BlackRock is leading them, with its ETH ETF nearing $1 Billion in net inflows.
The iShares Ethereum Trust, a $10 trillion investment manager product, is expected to be the first to achieve the milestone. According to experts, the milestone should be achieved in just three weeks. Farside Investor data. The ETF Institute’s co-founder was subsequently acquitted. Nate Geraci Calling the product A “top 6 launch of 2024,” Its success so far is a testament to this.
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Source: watcher.guru
