According to the data reviewed by Cointelegraph, the newly launched cryptocurrency exchange trading fund (ETF), which has a mix of Bitcoin (BTC) and Ether (Ether), has shown relatively humble influx since its recent debut.
According to the website of Franklin Templeton, Franklin Crypto Index ETF (EZPZ), sponsored by asset manager Franklin Templeton, has made a net asset of about $ 2.5 million since its debut on February 20.
Meanwhile, according to HashDex’s website, NASDAQ Crypto Index US ETF (NCIQ) of its manager has been more than $ 1 million since its launch on February 14.
According to Statista’s data, Franklin Templeton’s Franklin Templeton’s Franklin Bitcoin ETF (EZBC) has raised about $ 50 million on the first day since its launch in January 2024.
Another ETF with only Bitwise Bitcoin ETF (Bitwise Bitcoin ETF) has selected nearly $ 240 million on the first trading day, data said.
Single spot Ether ETFS has significantly weakened the initial interest of investors who recorded about $ 100 million in net inflow on July 23, the first deal of the fund.
Franklin Templeton launched Crypto Index ETF on February 20. Source: Franklin Templeton
relevant: At the same time, the SEC approves HASHDEX, a Bitcoin-Ther ETF of Franklin.
Limited diversification
The two new ETFs are designed to track a variety of encryption asset indexes, providing US investors with a one -stop store encryption portfolio.
According to Google Finance’s data, the two funds track the indexes that have encryption in proportion to the market cap of each token, so it consists of a BTC with a market cap of about $ 1.9 as of February 21.
However, the utility of the fund is currently limited because it can hold Bitcoin and ether. After all, they all want to have diversified portfolios consisting of numerous password assets that are all approved for regulatory approval.
In October, NYSE Arca, a securities exchange, found the authority to list the Grayscale ETF with a more diverse SPOT Cryptocurrencies basket.
GRAYSCALE DIGITAL LAPE CAP Fund, which was created in 2018 but not yet traded, has a Crypto Index portfolio of Bitcoin, Ether, Solana (SOL) and XRP (XRP).
The SEC has recognized applications for applications for new types of ETFs, including funds with Altcoin such as SOL and XRP. Analysts expect more types of encryption ETFs to be approved in 2025.
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