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    DRW Venture Capital Discloses $150M Ethereum ETF Holdings

    As the cryptocurrency investment product has continued to grow, DRW Venture Capital recently disclosed $150 million in Ethereum ETF holdings. Indeed, a filing with the US Securities and Exchange Commission (SEC) shows the investment firm’s ETH exposure since the ETF launched in late July.

    The second crypto-based ETF in the United States has gotten off to a bit of a slow start. However, it recently reported more than $4.9 million in net inflows on Thursday. Additionally, it saw Ether ETF issuer Grayscale finally snap a 14-day outlfow streak in a sign of the product’s turnaround.

    JUST IN: DRW Venture Capital discloses $150 million Ethereum ETF holdings.

    — Watcher.Guru (@WatcherGuru) August 13, 2024

    Also Read: BlackRock’s Ethereum ETF Witnesses $900 Million Inflows

    DRW Discloses ETH ETF Holdings as Products Thrive

    At the start of the year, ETFs dominated discourse in the crypto space. Bitcoin launched the first crypto-based ETF in the US in January. The product was an incredible success. Just three months after it launched, BTC reached an all-time high of $73,000.

    Ethereum saw its ETF launch more than two weeks ago to mixed results. Yet, that hasn’t limited institutional interest in the product. Indeed, a new filing has seen DRW Venture Capital disclose $150 million in Ethereum ETF holdings.

    Also Read: Ethereum ETFs Get Positive August Start Despite Grayscale’s $2B in Outflows

    The revelation comes as the products have reversed an ongoing outflow trend. Specifically, SosoValue data showed that nine Ether ETFs recorded net inflows after three days of negative flow data. They have been led by BlackRock, whose ETH ETF is nearing $1 billion In net inflows.

    The $10 trillion asset manager’s iShares Ethereum Trust is set to become the first of the products to reach the feat. The landmark should be reached in the first three weeks, according to Farside Investor data. Subsequently, ETF Institute co-founder Nate Geraci called the product a “top 6 launch of 2024,” due to its success thus far.

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