The post DRW Ethereum ETF Investment Revealed With $150 Million appeared on BitcoinEthereumNews.com.

Key Points: DRW Ethereum ETF investment has been revealed to be $150 million, ranking it among the company’s largest holdings. ETFs tracked by Ethereum recorded a net inflow of $155 million around the world last week amid growing interest from traditional investors. DRW Venture Capital announced that it had been investing around $150 million in the second-largest cryptocurrency exchange-traded funds, something quite a large share of its portfolio. Read more: Ethereum ETF Staking Still Has Hope Could Be Launched  DRW Ethereum ETF Investment Reaches $150M A filing made with the U.S. Securities and Exchange Commission unveiled that DRW Ethereum ETF investment became one of the largest holdings of the firm, equivalent to 6% of overall investments. Founded in 2014, DRW Venture Capital is a stage-agnostic financial and enterprise technology investor that serves as the corporate venture arm of Chicago-based holding company DRW. It remains sector-focused in cryptocurrency, TMT, and software technologies. The DRW Ethereum ETF investment marks the ETF sector with notable developments recently. Last week, Ethereum ETFs globally saw the highest net inflow—$155 million among all digital assets—according to CoinShares. That rally suggests traditional investors have been taking advantage of buying up Ethereum at discounted prices after a correction in the markets. Ethereum ETF Market Showing Positive Signs The second crypto-based ETF in the U.S. has had a slow beginning, but net inflows hit more than $4.9 million as of Monday. Meanwhile, Ether ETF issuer Grayscale has halted a 14-day streak of outflows, which portends a turnaround for the product. As Grayscale’s ETHE outflows have currently eased off and the broader market has started its recovery, the Ethereum ETFs could now impact the price of Ethereum positively in the short term. Increased institutional investment along with adjustments within the market may further strengthen ETH’s performance in coming weeks. DISCLAIMER: The…

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Filed under: News - @ August 14, 2024 8:25 am