Crypto ETPs Gain Momentum with Ethereum and Bitcoin Seeing Steady Interest
Ethereum and Bitcoin Exchange-Traded Products (ETPs) are gaining momentum in the market. Ethereum ETPs have attracted steady investor attention, with daily net inflows reaching $17,210 and cumulative inflows surging to $11.52 billion.
The largest Ethereum ETP, ETHA, holds $6.21 billion in assets, while Grayscale's ETHE has seen a total outflow of $5.19 billion but still gained 1.2% in a single day.
Bitcoin ETPs also saw strong demand, with $88 million flowing in across major ETPs in a single day. Total inflows have reached $54 billion, pushing total assets under management to $85.3 billion.
Solana investment products attracted steady interest, but daily trading is still modest. Net inflows reached $3.78 million, bringing total inflows so far close to $890 million.