• Grayscale Ethereum Trust (ETHE) is leading in the ETH ETF space.

  • Grayscale Ethereum Mini Trust (ETH) complements ETHE, offering waived fees for early investors.

  • BlackRock’s ETHA ETF holds 79,699 ETH, making it a notable player.

Among the various investment vehicles, exchange-traded funds (ETFs) provide a convenient way for investors to gain exposure to ETH without directly holding the asset. Grayscale, a prominent player in the crypto investment space, has emerged as a leader in this field. 

ETH ETF ON-CHAIN LEADERBOARD:2,393,495 ETH – Grayscale ETHE Ethereum Trust310,308 ETH – Grayscale ETH Ethereum Mini Trust79,699 ETH – Blackrock ETHA ETF71,556 ETH – Bitwise ETHW ETF41,550 ETH – Fidelity FETH ETF8055 ETH – VanEck ETHV ETF5700 ETH – Franklin Templeton EZET… pic.twitter.com/6u2ZTKZ1kD

— Arkham (@ArkhamIntel) July 25, 2024

The Grayscale Ethereum Trust (ETHE) stands out as a significant player in the ETH ETF arena. Unlike most mutual funds or ETFs, ETHE is not registered under the Investment Company Act of 1940 and operates outside its regulatory framework.  

Grayscale’s second product, the Grayscale Ethereum Mini Trust (ETH), complements ETHE. While ETHE dominates the market, ETH aims to attract investors with a waived fee structure for the first six months or until it reaches $2 billion in net assets under management. 

Other ETH ETFs on the leaderboard

The Grayscale ETH Ethereum Mini Trust holds the second spot with 310,308 ETH. This significant amount further emphasizes Grayscale’s overall dominance in the market. BlackRock, a major player in the investment world, takes the third position with its ETHA ETF. Holding 79,699 ETH, BlackRock’s presence in the ETH ETF landscape is notable.

Bitwise’s ETHW ETF holds 71,556 ETH, securing the fourth spot on the leaderboard. Bitwise is known for its comprehensive approach to cryptocurrency investments. Fidelity’s FETH ETF ranks fifth, with 41,550 ETH. Fidelity’s entry into the Ethereum ETF market highlights the growing interest of traditional financial institutions in the cryptocurrency space. 

VanEck’s ETHV ETF holds 8,055 ETH, placing it sixth on the leaderboard. Other ETFs that featured in the list include Franklin Templeton’s EZET ETF, Invesco’s QETH ETF, and 21Shares’ CETH ETF.

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The post Grayscale Leads the ETH ETF On-Chain Leaderboard with 2,393,495 ETH in the Grayscale ETHE Ethereum Trust appeared first on Crypto News Land.

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