Since mid-October, various funds have been investing Ether holdings again, according to data from Bytetree. Accordingly, a brief period of outflows at the beginning of November was followed by a renewed increase, which is most likely due to the submission of BlackRock’s ETF application.
It’s exciting to observe: German funds in particular are increasingly investing in crypto and ETH again, as data from Coinshares shows. With the inflows of the past four weeks, Ethereum was able to negate almost all of the outflows this year.
These are the largest ETH funds
The Ethereum ETF is a novelty in the USA – but elsewhere it has long since arrived in the traditional sector, mostly in the form of Exchange Traded Products (ETPs). 21Shares from Switzerland holds around 148,000 ETH for its customers. But the previous ETF landscape is fragmented across various, niche providers, as the following picture shows. The need for a product from an established player domiciled in the USA is illustrated by a comparison with ETHE, Grayscale’s Ethereum trust fund. With more than 3.1 million ETHE, the American company holds far more than all other providers combined.
You can read about the current situation with Ethereum and how an ETH ETF could affect the price in the current BTC-ECHO Ethereum Report.
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