Nansen has introduced their ETH ETF Dashboard with real-time tracking of ETF holdings and ETH inflows.
Nansen are pleased to officially announce the launch of their public ETH ETF dashboard that allows anyone “to monitor and track real-time ETF balances and ETH ETF onchain flows into ETF issuers.”
Nansen notes in a blog post that they introduce their public ETH exchange-traded fund (ETF) dashboard, which “allows anyone to view the real-time holdings of ETH ETF issuers like Bitwise, VanEck, and Grayscale and the ability to monitor the ETF’s real-time inflows and outflows.”
Nansen further revealed that they released their ETH ETF dashboard “on the day of the ETH ETF launch, taking a building-in-public approach.”
As clarified in the update from Nansen, not every ETF issuer “has made their addresses public, but we are working around the clock to uncover their addresses and provide full coverage, continuously updating our ETF entities.”
As explained in a blog post by Nansen, spot ETFs work by “holding the same amount of the asset they represent.”
This is then divided by the fund “into shares that represent the spot price of the asset, like ETH, which can then be traded on a traditional stock exchange for investors to purchase.”
This allows institutional investors “from traditional financial sectors and individual investors contributing to their IRAs or 401(k)s the ability to efficiently invest in ETH without having to worry about custody.”
What makes this particularly interesting is that, “unlike other ETFs, the asset lives onchain, meaning that once funds have been identified by Nansen or another onchain data platform, anyone can track and monitor the level of interest in the ETH ETF and verify the holdings of issuers.”
Nansen’s ETH ETFs Flow dashboard “provides an aggregated view of the inflows and outflows into the various ETH ETFs, and also shows the collective amount of ETH under management by these funds.”
As mentioned in the update, what you can do is “create a Smart Alert.”
Smart Alerts will allow you to “proactively stay updated with ETF movements based on conditions you set for Telegram, Discord or Slack.”
When creating a Smart Alert for our ETH ETF dashboard, they have “created a template with prefilled criteria to make it as easy as possible.”
Beyond the ability to track the inflow and outflow into the Spot ETH ETF, you can also dive into the amount of ETH locked “into ETFs per fund, like Blackrock of VanEck, and this has changed over time.”
You can also dive deeper into a specific fund, “like VanEck, where you can gain deep insights for all the wallets bundled within that entity.”
Not every ETF issuer has made their address public, but Nansen are “working hard to discover them. Some entities use custodians, which is why you may see wallets tagged under names like Coinbase Prime.”
In the future, after the ETH ETF has been live for some time, Nansen will “include historical data of ETH held by the various funds and a visualization that displays where ETH is allocated across the networks supported in Nansen and where that ETH is deposited, like being locked in an ETF or on a Centralized Exchange.”
As covered, Nansen is the onchain data provider, “labeling over 350M onchain wallets, giving traders and investors an edge. Our ETH ETF dashboard leverages our best-in-class expertise to give you leading insights to understand everything you need to know with the ETF.”