Ethereum (ETH) Stock Funds in the US attracted $4 billion in net entries on June 23, 11 months post-market debut. The products launched in July 2024 and garnered $3 billion by May 30, with an additional $1 billion in just 15 days, totaling $4.01 billion by June 23. BlackRock's Ishares Ethereum Trust led with $5.31 billion, followed by Fidelity's Feth with $1.65 billion and Bitwise's ETHW with $346 million. Grayscale's Ethe Trust saw $4.28 billion in redemptions within the same period. Etha and Feth charge 0.25% management fees, contrasting with Ethe's 2.5%. Factors like ETH's price rise against bitcoin and clear income directives fueled the surge in entries. The upcoming mid-July 13F form deadline will unveil if professional managers joined the recent entry surge.
https://altcoin.observer/etfs-etfs-stefs-records-1-billion-entries-in-15-days-of-negotiation-reaching-4-billion-for-the-first-time/
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