Ethereum ETF Outperforms Bitcoin ETF in Institutional Investments
In a recent digital asset fund report, the Ethereum exchange-traded fund (ETH ETF) has shown better performance compared to the Bitcoin ETF in the institutional investment landscape. Despite market weaknesses, ETH spot ETF funds saw a significant inflow of approximately $105 million last week. On the other hand, total outflows since inception have reached around $405 million, indicating a mixed trend in investor sentiment.
Grayscale’s Investment in Ethereum
Grayscale, a prominent player in institutional investments, has launched its Grayscale Ethereum Mini Trust (ETH) with a substantial holding of approximately 360,000 ETH. The trust’s initial funding of around $1 billion came from ETHE, showcasing a strong commitment to Ethereum. Overall, Grayscale currently holds around 2.25 million ETH, marking a 25% decrease in Ethereum holdings. This move reflects the shifting landscape of digital asset investments.
Global Trends in Digital Asset Investment
Despite recent market volatility caused by geopolitical tensions and stock market fluctuations, digital asset investment products witnessed an inflow of about $176 million. Investors capitalized on the market dip to increase their holdings, contributing to the recovery of total assets under management (AuM) to $85 billion from a recent low of $75 billion. Country-specific data revealed varying trends, with the United States leading in inflows but also experiencing the highest net outflow at $306 million.
