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U.S. spot Ethereum ETFs have surpassed $1 billion in daily net inflows for the first time since their launch, reflecting increasing investor confidence in Ethereum as a crucial element of mainstream crypto adoption. Since May, these ETFs have attracted over $8 billion, supported by strong regulatory conditions and significant traditional finance investments.
Abu Dhabi's sovereign wealth fund has announced a significant investment of $408 million in BlackRock's Bitcoin ETF, marking a notable entry into the cryptocurrency market by a major financial player. This move reflects growing institutional interest in Bitcoin and digital assets as part of a broader investment strategy.
A Dogecoin ETF, the Rex-Osprey DOGE ETF ($DOJE), is anticipated to launch this week, providing U.S. investors with direct exposure to Dogecoin's price movements. This would mark the first ETF in the U.S. to track the memecoin, which has recently seen a 7% increase in value, and could lead to heightened market volatility as investors react to the launch.
A recent report highlights that Harvard University has invested $116 million in BlackRock's Bitcoin ETF, marking a significant move by a prestigious educational institution into the cryptocurrency space. This investment illustrates growing institutional interest in Bitcoin and the potential for digital assets in diversified portfolios.
REX-Osprey has launched the first spot XRP ETF in the U.S., trading under the ticker XRPR. This ETF offers investors exposure to XRP while following a unique legal structure under the Investment Company Act of 1940, differentiating it from other firms seeking to enter the market.