BlackRock's spot ETH ETF recorded the 2nd with respect to ETH holdings.

in hive-103599 •  4 months ago  (edited)

1000023054.jpg

Source: Coinglass

They hold now 400k spot ETH(Ethereum).

ETH(Name of a ticker), Grayscale's Ethereum Mini Trust, was newly launched after the inception of spot ETH ETFs trading due to the high expense ratio of existing ETHE(Grayscale's Ethereum Trust).

FETH is Fidelity Ethereum Fund. It's trying to catch up with them.

Anyways, I think this news is a good turning point for the market sentiment change. Furthermore, ETHE, ETH(Grayscale's Ethereum Mini Trust, not spot Ethereum), and FETH will absorb considerable spot ETH for the following months.

hive-103599 spot eth ethereum etf blackrock fidelity grayscale
4 months ago by

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      ·  4 months ago 

    Upvoted! Thank you for supporting witness @jswit.

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        ·  4 months ago 

      @jswit reply-off

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