“ Estamos realmente apenas na ponta do iceberg com Bitcoin e especialmente com Ethereum ”, observou Jacobs. Ele observou ainda que apenas uma pequena fração dos clientes da BlackRock possui atualmente os ETFs Bitcoin e Ethereum da empresa, portanto a empresa se comprometerá a expandir o alcance desses produtos em vez de introduzir novos ETFs focados em altcoin. O impacto da BlackRock no mercado spot de ETF Bitcoin permanece bem documentado e sua presença no mercado de ETF Ethereum está crescendo constantemente. O ETF BlackRock iShares Ethereum (ETHA), lançado em 29 de novembro, trac entradas líquidas superiores a US$ 1,3 bilhão em apenas dez dias de negociação. 📢 APENAS: O ETF #Ethereum da BlackRock ultrapassou US$ 3 bilhões em entradas, especialista prevê aumento de preço do ETH para US$ 15.000! 🚀 pic.twitter.com/jQq7MTamWd
Cumulatively, the fund has garnered an impressive $3.19 billion since its inception, bringing total net assets to $3.81 billion.
During the discussion, Mike Venuto, Chief Investment Officer at Tidal, also weighed in on the increasing interest in innovative ETF strategies involving Bitcoin.
“We have people coming to us all the time trying to pitch ‘Bitcoin something else’ ETFs,” Venuto shared. “You’re not diversified unless there are things in your portfolio that you hate,” he added.
The Tidal CIO predicted that the integration of crypto assets with traditional market giants like Nvidia, Tesla, and MicroStrategy in ETF offerings is inevitable. “Every options strategy you can think of is going to be tied to Bitcoin, Nvidia, Tesla, and MicroStrategy in ETFs. It’s coming.”
Bloomberg ETF analyst Balchunas noted that ETF assets grew by 32% globally in 2024, with Bitcoin ETFs making up about 2% of the figure.
Here you go: ETFs grew by $3.7T in 2024. Bitcoin ETFs were about 2% of that number. On one hand, amazing for new category. On the other, pretty tiny esp relative to the attn they get, shows just how damn big the asset class universe is https://t.co/iPGfpew6nW
— Eric Balchunas (@EricBalchunas) December 12, 2024
He said Bitcoin ETF growth is amazing but acknowledged it was “quite little” given the attention crypto products receive, demonstrating how “big” the asset class universe is.
Meanwhile, as BlackRock’s ETHA leads the charge in breaking records, other Ethereum ETFs are also driving the Ethereum ETF market forward. Several market data trackers show Grayscale’s Mini Ether ETF (ETH) and Fidelity’s FETH have also seen substantial inflows, recording $603 million and $1.37 billion, respectively, since their launch.
Collectively, all Ether ETFs have attracted $2.24 billion in inflows since their debut in late July. This surge comes despite major outflows from the Grayscale Ethereum Trust (ETHE), which saw withdrawals totaling $3.5 billion during the same period.
The ETH ETFs are on an absolute heater 💰
— TylerD 🧙♂️ (@Tyler_Did_It) December 13, 2024
$2B in new inflows over the last 10 sessions
The boomers are buying, and big… pic.twitter.com/iyOuEsTjZH
The overall inflow into Ethereum ETFs reflects a growing appetite for the product, which could be fueled by regulatory optimism surrounding Donald Trump’s administration. On the pricing front, Ethereum’s value remains a focal point for market participants. The cryptocurrency briefly climbed to $4,000 on Thursday before facing resistance.
As of the time of writing, Ethereum is trading at $3,922, down 1.04% on the day, with a market capitalization of $471 billion, per Coinmarket cap data. Despite this short-term pullback, analysts remain bullish on Ethereum’s long-term prospects.
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