Blockchain analytics provider Nansen has launched the crypto industry’s first-ever Ether exchange-traded fund (ETF) analytics dashboard.
The free dashboard will monitor the performance of the highly anticipated United States-based spot Ether ETFs. It will give traders a real-time overview of the most critical data, including an interactive ETF flow chart and total ETF issuer balances.
Nansen CEO Alex Svanevik announced in an announcement shared with Cointelegraph that the Ether ETFs’ approval represents a significant milestone for the industry.
“We’re thrilled to launch our ETH ETF dashboard, showcasing how Nansen empowers investors with real-time insights. As the first of its kind, it provides crucial information on ETF flows, supporting informed decisions.”
The dashboard was launched shortly after the US Securities and Exchange Commission (SEC) granted the final regulatory approval to ETF issuers on July 22. July 23 will mark the debut of the initial crop of Ether ETFs.
Ether ETF Could Increase Institutional Adoption
Analysts are optimistic about the potential inflows, as introducing the first spot Ether ETFs could bring new institutional and retail capital into the crypto space.
Edward Wilson, an analyst at Nansen, believes the new ETF can potentially increase institutional participation in the crypto sector.
“We’re optimistic about demand for this new asset, which would ultimately lead to increased institutional participation in the ecosystem and the broader adoption of digital assets.”
Charles d’Haussy, CEO of the dYdX Foundation, stated to Cointelegraph that Ether ETFs could acquire approximately 25% of the assets under management of the current spot Bitcoin ETFs in terms of inflows.
However, some contend that the ETFs may disappoint in the short term. Eric Balchunas, senior ETF analyst at Bloomberg, stated to Cointelegraph that Ether ETFs may serve as a “sidekick” to the more established Bitcoin ETFs in terms of inflows.
“Bitcoin is like enough crypto hot sauce. You’re like, ‘You know, I’m good.’ These things move together anyway. Ethereum is harder to explain, but I’m just seeing it being a sidekick [to Bitcoin].”
Exchange-traded funds (ETFs) have the potential to impact the price appreciation of the underlying crypto asset significantly. For example, Bitcoin ETFs accounted for approximately 75% of new investments by February 15, which coincided with its ascent above the $50,000 threshold.
Transparency for institutional Ether ETFs flow
Nansen’s Ether ETF dashboard aims to enhance transparency in the blockchain sector, which encompasses institutional purchasing patterns.
To uncover a more “holistic view of the market” and enable users to make more data-driven decisions, the dashboard will also provide users with an overview of institutional ETF flows.
In contrast, investors interested in spot Bitcoin ETF flows were required to rely on Dune analytics dashboards or ETF flow table displays, which offered less transparency than a comprehensive ETF dashboard.
