Latest news with #ETHA
Yahoo
29-05-2025
- Business
- Yahoo
U.S. Spot Crypto ETFs Saw Strong Inflows on Wednesday, JPMorgan Says
U.S.-listed spot crypto exchange-traded funds (ETFs) saw strong net inflows Wednesday, with both ether ETH and bitcoin BTC products continuing to draw investor interest despite declines in underlying asset prices, investment bank JPMorgan (JPM) said. U.S. spot ether ETFs logged an estimated $84 million in net inflows on May 28, as investor interest held firm even with ether falling 1.3%, the bank said in a report published on Thursday. Leading the pack was BlackRock's iShares Ethereum Trust (ETHA), which brought in $52 million, followed by Fidelity's Ethereum Fund (FETH) with $26 million. Grayscale's mini ETH Trust and Invesco/Galaxy's QETH added $5 million and $2 million, respectively, the bank noted. Notably, ether ETFs recorded a notional trading volume of $459 million, well above their post-launch daily average of approximately $375 million since debuting in July 2024, the bank observed. Meanwhile, spot bitcoin ETFs brought in an estimated $431 million in net inflows, JPMorgan said, largely powered by BlackRock's iShares Bitcoin Trust (IBIT), which alone saw $479 million in new investment. The strong inflow was partially offset by redemptions from ARK 21Shares Bitcoin ETF (ARKB), the bank noted, which shed $34 million, and Fidelity's FBTC, which recorded $14 million in outflows. Despite bitcoin's 2.1% drop in price, total trading volumes remained elevated, clocking in at $3.5 billion, compared to the group's historical average of $2.8 billion per day since launching in January 2024, the report added. Investors are moving from gold to bitcoin ETFs, according to a Thursday report by Bloomberg. U.S. bitcoin ETFs have seen $9 billion in inflows over the last 5 weeks versus $2.8 billion in outflows for gold-backed funds.
Yahoo
28-05-2025
- Business
- Yahoo
SharpLink Announcement Breathes New Life Into Ether ETFs
The iShares Ethereum Trust (ETHA) saw $32 million of inflows on Tuesday as Ether prices rallied to three-month highs. The surge came after Nasdaq-listed SharpLink Gaming Inc. (SBET) announced plans to raise $425 million to purchase Ether, with Consensys Software Inc. and other crypto-focused investors participating in the deal. Ether jumped 4% on the news, while shares of SharpLink soared 433%, closing at $35.83. That's more than five times the $6.15 per share price of the capital raise. SharpLink's rally evoked comparisons to MicroStrategy Inc., now rebranded as Strategy Inc. (MSTR), which famously transformed itself into a de facto Bitcoin holding company in 2020. Like Strategy, SharpLink's core business has nothing to do with crypto. It operates as a marketing partner for sportsbook and online casino gaming platforms. In 2024, the company was unprofitable and had less than $4 million in revenue. Prior to Tuesday, its market cap was only $15 million. But crypto bulls are betting that SharpLink could play a similar role for Ether that Strategy did for Bitcoin. In 2020, Strategy's first Bitcoin purchases came when it had a market cap under $1.5 billion. Today, it's worth more than $100 billion—more than the value of the Bitcoin it holds—thanks to investors piling in and the company leveraging that enthusiasm to raise even more capital for Bitcoin buys. It's a bold blueprint that other firms have tried to mimic, though none have yet had the same success. Still, the mere possibility of a 'Strategy for Ether' narrative has some investors intrigued. If SharpLink can spark a similar flywheel—raising money to buy Ether, fueling a stock surge, enabling more fundraising and ultimately more Ether purchases—it could become a meaningful catalyst for the second-largest cryptocurrency, which has lagged significantly behind Bitcoin this cycle. As of Tuesday, Bitcoin was trading near $110,000, roughly 62% above its 2021 peak. Ether, meanwhile, hovered around $2,700, still 44% below its all-time high. Some of the underperformance reflects concerns about Ether's role in the smart contract space, with newer blockchains like Solana nipping at its heels. ETF flows tell the story, too. Since the start of 2025, spot Bitcoin ETFs have attracted nearly $10 billion, while Ether ETFs have seen just $100 million in inflows. The iShares Bitcoin Trust ETF (IBIT) now has $72.4 billion in assets, compared to just $3.6 billion for ETHA. Whether SharpLink can change that remains to be seen. But in a crypto market starved for Ether-specific catalysts, Tuesday's fireworks were more than | © Copyright 2025 All rights reserved
Yahoo
28-05-2025
- Business
- Yahoo
SharpLink Announcement Breathes New Life Into Ether ETFs
The iShares Ethereum Trust (ETHA) saw $32 million of inflows on Tuesday as Ether prices rallied to three-month highs. The surge came after Nasdaq-listed SharpLink Gaming Inc. (SBET) announced plans to raise $425 million to purchase Ether, with Consensys Software Inc. and other crypto-focused investors participating in the deal. Ether jumped 4% on the news, while shares of SharpLink soared 433%, closing at $35.83. That's more than five times the $6.15 per share price of the capital raise. SharpLink's rally evoked comparisons to MicroStrategy Inc., now rebranded as Strategy Inc. (MSTR), which famously transformed itself into a de facto Bitcoin holding company in 2020. Like Strategy, SharpLink's core business has nothing to do with crypto. It operates as a marketing partner for sportsbook and online casino gaming platforms. In 2024, the company was unprofitable and had less than $4 million in revenue. Prior to Tuesday, its market cap was only $15 million. But crypto bulls are betting that SharpLink could play a similar role for Ether that Strategy did for Bitcoin. In 2020, Strategy's first Bitcoin purchases came when it had a market cap under $1.5 billion. Today, it's worth more than $100 billion—more than the value of the Bitcoin it holds—thanks to investors piling in and the company leveraging that enthusiasm to raise even more capital for Bitcoin buys. It's a bold blueprint that other firms have tried to mimic, though none have yet had the same success. Still, the mere possibility of a 'Strategy for Ether' narrative has some investors intrigued. If SharpLink can spark a similar flywheel—raising money to buy Ether, fueling a stock surge, enabling more fundraising and ultimately more Ether purchases—it could become a meaningful catalyst for the second-largest cryptocurrency, which has lagged significantly behind Bitcoin this cycle. As of Tuesday, Bitcoin was trading near $110,000, roughly 62% above its 2021 peak. Ether, meanwhile, hovered around $2,700, still 44% below its all-time high. Some of the underperformance reflects concerns about Ether's role in the smart contract space, with newer blockchains like Solana nipping at its heels. ETF flows tell the story, too. Since the start of 2025, spot Bitcoin ETFs have attracted nearly $10 billion, while Ether ETFs have seen just $100 million in inflows. The iShares Bitcoin Trust ETF (IBIT) now has $72.4 billion in assets, compared to just $3.6 billion for ETHA. Whether SharpLink can change that remains to be seen. But in a crypto market starved for Ether-specific catalysts, Tuesday's fireworks were more than | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
5 ETFs to Ride the Bullish Wave of Ethereum's Pectra Upgrade
Ethereum, the world's second-largest cryptocurrency, surged more than 40% in just one week after the successful rollout of its much-anticipated 'Pectra' network upgrade. Ethereum spiked 20% alone last Thursday, marking the biggest one-day gain in four years. The crypto is currently trading around $2,600, marking its highest level since early 2024. This surge has reignited interest in the broader crypto market. Investors seeking to participate in the Ethereum rally can consider any of the popular ETFs — iShares Ethereum Trust ETF ETHA, Grayscale Ethereum Trust ETF ETHE, Grayscale Ethereum Mini Trust ETF ETH, Fidelity Ethereum Fund ETF FETH and Bitwise Ethereum ETF ETHW. The Ethereum upgrade, Pectra, which went live last Wednesday, marks a major milestone and brings improvements to user experience, layer 2 blockchains and validators. The upgrade introduces a suite of enhancements aimed at tackling persistent challenges in the Ethereum ecosystem, including high transaction fees, usability issues, and scalability constraints. It thus enhances Ethereum's scalability and reduces transaction costs. The easing of trade tensions has sparked optimism in Ethereum. The United States and the United Kingdom reached a deal last week, while China and the United States also agreed on a temporary deal for 90 days (read: 5 Top-Ranked ETFs That Have Outperformed S&P 500 Since April Low). Institutional interest has increased, with significant purchases from large investors indicating growing confidence in Ethereum's value. Let us delve into the abovementioned ETFs in detail:iShares Ethereum Trust ETF (ETHA)iShares Ethereum Trust ETF seeks to generally reflect the performance of the price of ether. It is managed by the world's largest asset manager and leverages a multi-year technology integration developed with Coinbase Prime, the world's largest institutional digital asset custodian. ETHA has AUM of $2.2 billion and trades in an average daily volume of 12.6 million shares. It charges 25 bps in annual Ethereum Trust ETF (ETHE)Grayscale Ethereum Trust ETF seeks to reflect the value of Ether held by the Trust. It is the first spot Ether exchange-traded product to commence trading in the United States. ETHE has an expense ratio of 2.50%. It has gathered $2 billion in its asset base and trades in an average daily volume of 5 million shares. Grayscale Ethereum Mini Trust ETF (ETH)With AUM of $866.7 million, Grayscale Ethereum Mini Trust ETF seeks to reflect the value of Ether held by the Trust. It is the lowest-cost Ether ETF in the United States, charging investors 15 bps in annual fees. ETH has amassed $866.7 million in its asset base and trades in an average daily volume of 2 million shares (read: all the Digital Economy ETFs here).Fidelity Ethereum Fund ETF (FETH)Fidelity Ethereum Fund ETF tracks the Fidelity Ethereum Reference Rate, which is constructed using ether price feeds from eligible ether spot markets and a volume-weighted median price methodology. It has accumulated $743.4 million and charges 25 bps in annual fees. Bitwise Ethereum ETF (ETHW)Bitwise Ethereum ETF seeks to provide exposure to the value of Ether. It has amassed $193.7 million and charges 20 bps in annual fees. ETHW trades in an average daily volume of 346,000 shares. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-05-2025
- Business
- Yahoo
Ethereum ETFs Jump Post 'Pectra' Network Upgrade
Spot Ethereum ETFs, including the iShares Ethereum Trust (ETHA), soared for a second day after upgrades at the second-largest cryptocurrency boosted optimism that it will compete better against other digital tokens, such as Solana, that are competing for market share. The $2.3 billion ETHA, the largest spot Ethereum ETF, jumped 8.4% as of midday Friday. That follows yesterday's 18.2% gain. Still, even with today's gain, the fund has dropped 43% since closing at $30.69, its highest price since spot Ethereum ETFs began trading in June. Ether, the token that trades on the Ethereum network, has gained 25% over the past 48 hours, according to CoinMarketCap, since implementation of the so-called Pectra upgrade. Among a host of improvements, the changes are intended to boost capacity, reduce stress and otherwise improve the system as other digital currencies gain in price. 'Ethereum is now focused on increasing transaction capacity and speed, which is likely to help it play 'catch up' to alternatives like Solana,' Luke Nolan, senior Ethereum research associate at London-based Coinshares, said in an email. 'This is a stark change from the 'slower' and more academic approach that Ethereum developers were taking previously.' While Ethereum ETF prices have jumped in the past few days, investors are largely staying on the sidelines and not putting new money into the largest funds trading the spot token. Since Friday, May 2, investors have pulled a net $1.7 million from ETHA and $12 million from the second-largest, the $2 billion Grayscale Ethereum Trust ETF (ETHE). The next-largest, the $867 million Grayscale Ethereum Mini Trust (ETH), had $12 million in inflows on May 2, while the $167.4 million Bitwise Ethereum ETF (ETHW) has had neither inflows or outflows over the period. Ethereum funds jumped in late April and pulled in a quarter of a billion dollars in new money on bets that the Securities and Exchange Commission will permit so-called staking—the cryptocurrency's validation mechanism that acts as a sort of yield device—in the ETFs. The token has still dropped 25% over the past year, lagging the 65% gain in Bitcoin. The name 'Pectra' is a combination of Prague, the location of the Devcon IV development conference, and Electra, a blue-white giant star in the constellation of Taurus, according to Permalink | © Copyright 2025 All rights reserved
