EconomyCrypto ETFs appeared to hit $10B in hours, but filings reveal where the money came from
US spot Ethereum ETFs appeared to open with $10.36 billion in assets, but nearly all of that amount came from converting crypto already held by Grayscale trusts rather than fresh institutional buying. The analysis distinguishes seed capital, legacy-asset conversions, post-launch creations and redemptions, and assets under management—figures often combined in headline ETF totals.
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CryptoSlate★★☆☆☆2026-08-29 07:10Original
Crypto ETFs appeared to hit $10B in hours, but filings reveal where the money came from
Economy