Ethereum ETFs on-chain holdings at all-time high
The post Ethereum ETFs on-chain holdings at all-time high appeared on BitcoinEthereumNews.com. Investments in Ethereum are accelerating in the past few weeks, leading the on-chain holdings of major funds to a new all-time high. The ongoing buying shows a clear accumulation trend where institutions are positioning for an ETH rally. The on-chain activity and holdings of Ethereum ETFs suggest the network and the token are nowhere near dead. ETH on-chain holdings for all major ETFs are close to an all-time high, after the last few weeks of accelerated accumulation. BlackRock was the most active buyer, driving the momentum of inflows to Ethereum ETFs. | Source: Dune Analytics Blackrock and Grayscale lead institutional demand for ETH ETF funds have bought over 3.77M ETH, or around 2.97% of the supply, currently above 120M ETH. Alternative data by CryptoQuant points to over 4M ETH acquired by all ETFs, with a market acceleration in June. The funds based on Ethereum have a much lower level of assets under management but stronger accumulation momentum. Inflows have surpassed BTC since the end of May. The ETFs are approaching $1B in accumulation per month. For now, BlackRock and Grayscale remain the biggest holders, with the most rapid new ETH inflows. Grayscale switched to accumulation in the past month, ending the era of divesting its ETH acquired for as low as $90. The accumulation happens at a time when ETH still trades sideways, at around $2,561.97, with a total market dominance of 9.03%. ETH stabilized at around 0.024 BTC, ending its long-term slide. The ETF accumulation is seen as just one of the positive signs for the Ethereum ecosystem, in addition to growing DeFi activity, stablecoin transfers, and general accumulation in both small and whale-sized wallets. ETFs are not the most significant destination for ETH, as many of the tokens are locked in protocols. Currently, Ethereum carries over $63.3B in…
The post Ethereum ETFs on-chain holdings at all-time high appeared on BitcoinEthereumNews.com.
Investments in Ethereum are accelerating in the past few weeks, leading the on-chain holdings of major funds to a new all-time high. The ongoing buying shows a clear accumulation trend where institutions are positioning for an ETH rally. The on-chain activity and holdings of Ethereum ETFs suggest the network and the token are nowhere near dead. ETH on-chain holdings for all major ETFs are close to an all-time high, after the last few weeks of accelerated accumulation. BlackRock was the most active buyer, driving the momentum of inflows to Ethereum ETFs. | Source: Dune Analytics Blackrock and Grayscale lead institutional demand for ETH ETF funds have bought over 3.77M ETH, or around 2.97% of the supply, currently above 120M ETH. Alternative data by CryptoQuant points to over 4M ETH acquired by all ETFs, with a market acceleration in June. The funds based on Ethereum have a much lower level of assets under management but stronger accumulation momentum. Inflows have surpassed BTC since the end of May. The ETFs are approaching $1B in accumulation per month. For now, BlackRock and Grayscale remain the biggest holders, with the most rapid new ETH inflows. Grayscale switched to accumulation in the past month, ending the era of divesting its ETH acquired for as low as $90. The accumulation happens at a time when ETH still trades sideways, at around $2,561.97, with a total market dominance of 9.03%. ETH stabilized at around 0.024 BTC, ending its long-term slide. The ETF accumulation is seen as just one of the positive signs for the Ethereum ecosystem, in addition to growing DeFi activity, stablecoin transfers, and general accumulation in both small and whale-sized wallets. ETFs are not the most significant destination for ETH, as many of the tokens are locked in protocols. Currently, Ethereum carries over $63.3B in…
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