Although the data for Thursday’s ether exchange-traded fund (ETF) performance, concerning inflows and outflows, remains incomplete, it is evident that trade volume was marginally lower than the first two days. The funds currently hold slightly over $9 billion in ether, with about 2.91 million ether secured.
2.91 Million ETH Held by 9 Ethereum ETFs: A Reserve Overview
This article was published more than a year ago. Some information may no longer be current.
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Ether ETFs Manage $9.25 Billion in Reserves
As of July 25, each web portal associated with the nine ETFs displays the fund’s ethereum ( ETH) reserve holdings. Post-trading session, the funds update their web portals to reflect current reserves, typically with a one-day lag. Currently, as of July 25, the nine ETFs hold 2,914,894.747 ether, valued at $9.25 billion based on current ETH exchange rates.
Grayscale‘s Ethereum Trust (ETHE) possesses the largest share among the nine ETFs, having launched in 2017 as an over-the-counter (OTC) exchange-traded product (ETP). On July 23, it transitioned into a publicly traded fund. ETHE holds 2,391,684.26 ETH after the first two days of outflows, representing 82.05% of the 2.9 million ETH, now worth $7.59 billion.
Grayscale’s Mini Ethereum Trust ( ETH) holds 310,308.07 ether, valued at $985 million, based on data from July 25. Blackrock’s ETHA fund is just below the mini trust, holding 84,850.91 ETH, worth $269 million. Bitwise’s ETHW ranks fourth with 68,155.66 ETH, valued at $216 million. Fidelity’s FETH holds 43,750 ETH ($138 million), while Franklin Templeton’s EZET holds 5,700 ETH ($18 million).
Vaneck’s ETHV commands around 5,125.84 ETH, worth $16.2 million, and 21shares’ CETH fund secures 2,800 ETH, equating to $8.88 million. Lastly, Invesco and Galaxy’s QETH holds 2,520 ETH, valued at just over $8 million. Collectively, the nine ether ETFs hold approximately 2.41% of ether’s $383.47 billion market capitalization.
What do you think about the 2.9 million ether held by the nine funds? Share your thoughts and opinions about this subject in the comments section below.
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