ETHEREUM SPOT ETFES recorded the second highest level in 5 months and the third highest level this year, in the midst of investors focusing on the increase in institutional interest in this investment tool.
On July 9, the immediate trading boxes of Ethereum in the American scholarships (ETH Spot ETF) received a net investment of $ 211.32 million, which reflects a significant increase compared to $ 46.64 million compared to its predecessor, but the most important thing is that this amount of new investments represents the highest level in 5 months, and 2025 until the first is.
More specifically, the highest value of incoming investments during this period amounted to 240.20 million dollars on June 11 of this year, while the previous record value was $ 307.77 million and was recorded on February 4, which makes the investment value received for these funds yesterday, the second level recorded in 5 months and the third since the start of the year.
After the launch of 9 immediate negotiation boxes against Bitcoin (Bitcoin Spot ETF) in January 2024, its Ethereum counterpart on the stock market started in July 2024, and the graph is presented below the investment levels below these boxes since their launch (in red and green), as well as the total value of their total assets (white).
The net investments received which were received to him increased to $ 4.72 billion until July 9. Although the total negotiation volumes of these funds amounted to $ 1.26 billion, the total value of assets under its management recorded a value of $ 11.84 billion, or about 3.58% of Ethereum’s market value.
Among the investments received at a value of 211.32 million dollars received a business fund Blackrock Only $ 158.62 million in investments, followed by 4 other similar funds by receiving variable investments without registering investments, from which the company’s fund received a fund of the company Loyalty $ 29.53 million, followed by his counterpart Gracekale (Gray levels) At $ 17.96 million and a fund Franklin By $ 5.21 million. By way of comparison, the negotiation funds of the FNB Bitcoin Spot in the American scholarships (Bitcoin Spot ETF) recorded the release of investments worth $ 218.04 million on July 9, noting that it recorded the highest levels to $ 1.38 billion on November 7, 2024.
As we mentioned, the Black Rock Fund represented most of these investments by receiving $ 125.58 million, followed by a works fund Ark & 21Shares Receiving $ 56.96 million, while gray boxes have been recordedIn the world AndValkyrie AndInvesco Positive investments ranging between $ 2 and $ 16 million.
New investments exceed 61,000 ETHEREUM-ETH coins in the stock market (ETFSHEREUM ETF)
Analysts highlight the growing interest in the immediate trading boxes of Ethereum in the scholarship (ETH ETH SPOT), and they probably have a positive impact on its price and its support for its launch, such as the Blockchain data and analysis platform indicated it Glass nose Last Monday, the net investment of these funds remained positive for the eighth consecutive week, adding that the volumes of new investments exceeded 61,000 Ethereum currencies.
It should be noted that the Crapto markets have witnessed notable collective heights in the last 24 hours, and the support of the American regulatory authorities for the sector as one of the most important positive factors, while the Grand State works to formulate a complete organizational framework for the sector; He said Chairman of the Banque Committee of the US Senate Tim Scott at the first complete audience of the digital asset commission on July 9, saying: “You must be sure that blockchain technology and digital assets will not disappear, but you have been found forever.”
On the other hand, decided American federal reserve Keep interest rates because they are unchanged; According to the meeting of June 9 of June 9: “Customs tasks present a continuous risk that could cause high prices.” However, many believe in reducing interest rates later this year if inflation pressures, the reduced interest rate rate generally affects CRIPTO assets.
Currently, Ethereum-Eth is negotiated at a rate of 7.78% compared to yesterday at $ 2,988, with a slight increase compared to its level last month, but it is still withdrawing from its highest levels this year, knowing that it obtained its highest level at the start of the day at $ 3,040.15, and continued without this level by a slight difference; You can find out more about it below.
The post of immediate negotiation funds for Ethereum (ETH Spot ETF) on American scholarships witnesses the second highest level of investment in 5 months appeared first on Arab Cryptonews.