Meanwhile, the 11 spot Bitcoin ETFs in the US have continued to see rising demand. Since their launch in January, these funds have accumulated a net inflow of $17.54 billion.
The launch of the spot Bitcoin ETFs in the United States has been a highly successful event with assets under management close to $55 billion within six months of launch.
Ark Invest’s current ARKB holdings in the ARKW ETF have a value of $162.5 million.
Hashdex’s filing follows closely on the heels of the recent approval for spot Ethereum ETFs to start trading on July 23.
Industry experts believe that SOL is an appealing candidate for future ETFs due to its unique market position and technological advancements.
The US-based spot Ethereum ETFs scooped $107 million on the first day despite the notable cash outflow from Grayscale’s ETHE.
With the latest registered inflow, the offering’s total net flow in the last 12 trading sessions has nearly reached $2 billion.
A report from Kaiko Research said that ETH price would be sensitive to the spot Ether ETF inflows amid the poor demand for the Ethereum futures products late last year.
A multi-crypto ETF is an investment fund that holds a diversified portfolio of cryptocurrencies, such as Bitcoin, Ethereum, and Solana, within a single security.
The Binance CEO said that the Spot ETH ETF could make investing in the digital currency more accessible and attractive to more investors.
The Grayscale Ethereum Mini Trust (ETH) is now the most competitive in annual sponsor fees, thus triggering a possible fee war ahead.
Despite the positive performance this week, crypto traders remain cautious. Blockchain market intelligence firm Santiment has recently noted a decline in positive Bitcoin commentary on social media compared to four months ago.
The US SEC approved the Grayscale Ethereum Mini Trust and ProShares Ethereum ETF on Wednesday with trading expected to commence next week.
On July 17, BlackRock’s Bitcoin ETF, known as IBIT, recorded the highest inflow in a single day, bringing in a total of $110.37 million.
BlackRock’s IBIT emerged as the frontrunner, attracting a staggering $117.25 million in net inflows on Monday, marking it as the most actively traded Bitcoin ETF with $1.24 billion in trading volume.