According to Deep Tide TechFlow news, a report from Kaiko indicates that since the launch of ETH ETF products in July this year, traditional financial institutions, including hedge fund giant Millennium, have begun to actively position themselves. As the outflow of funds from Grayscale ETHE has slowed, the net inflow of ETH ETF has recently turned positive. Meanwhile, the trading activity of ETH futures on the CME Group has significantly increased this week, further indicating that investors' acceptance of crypto asset investment products is improving. Data shows that since July, several traditional financial institutions have allocated ETH through ETF products, including large hedge funds and investment advisory firms.
The latest released 13F filings show that Grayscale's ETHE and BlackRock's ETHA two ETH ETF products exhibit significant differences in institutional investor structure. Data shows that Digital Currency Group, as Grayscale's parent company, remains the largest holder of ETHE, with a holding ratio close to 5%. The Michigan pension fund also appears on the list of the top 15 holders of ETHE, indicating that traditional institutional investors' acceptance of crypto assets is on the rise.
In contrast, BlackRock's ETHA product has attracted more participation from traditional financial giants, with Millennium Management LLC, a hedge fund with a scale of $70 billion, being the largest holder, holding approximately 2%. Additionally, Susquehanna International Group and BlackRock's own asset management department are also among the top five holders. Analysts point out that as traditional financial institutions' involvement in crypto assets continues to increase, the activity level in the ETH futures market is expected to further rise.
