Ethereum ETFs reach $7.2 billion in assets under management

As of August 21, 2024, Ethereum-based
Exchange Traded Funds (ETFs) have amassed $7.2 billion in assets under
management (AUM), reflecting increasing investor interest in digital assets.

tradingview.com/markets/etfs/funds-ethereum/

The majority of these assets are
concentrated in the Grayscale Ethereum Trust (ETHE), which holds $4.795
billion. The Grayscale Ethereum Mini Trust (ETH) follows with $947.828 million,
and the iShares Ethereum Trust (ETHA) manages $864 million.

Despite this growth, Ethereum ETFs
represent only 2.29% of Ethereum’s total market capitalization, which currently
stands at $314 billion. This indicates that while the ETF market is expanding,
it still constitutes a small fraction of Ethereum’s overall value.