Nansen, a popular blockchain analytics provider, has launched the industry’s first Ether exchange-traded fund (ETF) analytics dashboard.
The free-to-use dashboard will track the performance of the highly-anticipated United States-based spot Ether (ETH) ETFs, offering a real-time overview of the most critical data for traders, such as an interactive ETF flow chart and total ETF issuer balances.
The approval of the Ether ETFs marks a significant milestone for the industry, wrote Nansen CEO Alex Svanevik in an announcement shared with Cointelegraph:
“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 launch of the dashboard was announced shortly after the US Securities and Exchange Commission (SEC) gave the final regulatory nod to ETF issuers on July 22. The first batch of Ether ETFs is set to launch on July 23.
Related: EU markets will pave the way for first Ether staking ETF: dYdX CEO
Ether ETF will bolster institutional adoption — Nansen analyst
The debut of the first spot Ether ETFs could introduce new institutional and retail capital into the crypto space, and analysts are optimistic about the potential inflows.
The new ETF could also bolster institutional participation in the crypto space, according to Edward Wilson, an analyst at Nansen, who wrote:
"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.”
In terms of inflows, Ether ETFs could capture around 25% of the assets under management of the current spot Bitcoin ETFs, Charles d’Haussy, CEO of the dYdX Foundation, told Cointelegraph.
Yet, others believe that the ETFs may disappoint in the short term. Ether ETFs may only be a “sidekick” to the more established spot Bitcoin ETFs in terms of inflows, Eric Balchunas, senior ETF analyst at Bloomberg, told Cointelegraph:
“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].”
ETFs can greatly influence the price appreciation of the underlying crypto asset. For instance, Bitcoin (BTC) ETFs accounted for approximately 75% of new investments by Feb. 15, coinciding with its rise above the $50,000 mark.
Related: Grayscale transfers $1B in ETH to Coinbase ahead of Ether ETF launch
More transparency for institutional Ether ETF flows
Nansen’s Ether ETF dashboard aims to provide more transparency for the blockchain space, including for institutional buying patterns.
The dashboard will also provide users with an overview of institutional ETF flows in an effort to unlock a more “holistic view of the market” and allow users to make more data-driven decisions.
In contrast, investors looking at spot Bitcoin ETF flows had to rely on Dune analytics dashboards or ETF flow table charts, which provided less transparency than a holistic ETF dashboard.
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