ETF News: BlackRock's Ethereum ETF Surpasses $1 Billion Mark
ETF News Highlights BlackRock's Milestone
BlackRock asset management firm has hit a new milestone in its spot Ethereum ETF offering, breaching the $1 billion mark in total asset value in a record two months.
Growing Momentum in Crypto ETFs
- This achievement makes ETHA the second Ethereum ETF to surpass $1 billion in value, following Grayscale's Ethereum Mini Trust.
- According to Sosovalue data, ETHA reached this remarkable milestone after attracting significant inflows, especially during a favorable trading week.
- BlackRock's ETHA is now among the top 20% of 3,700 ETFs in the US market.
A Broader Recovery in Cryptocurrency Markets
Both Bitcoin and Ethereum ETFs recorded multi-week highs as crypto markets recovered.
Bitcoin ETFs attracted $1.11 billion in inflows, while Ethereum ETFs saw $84.6 million in inflows—the highest since August.
- Three out of five trading days last week saw positive net inflows for Ethereum ETFs.
- Investors are increasingly optimistic about crypto market recovery, with Bitcoin maintaining values above $65,000.
BlackRock's Bitcoin Accumulation
As it advances with its Ethereum ETF, BlackRock is also increasing its Bitcoin portfolio.
Recently, the firm acquired more Bitcoin than any ETF has sold in the past three weeks, adding 5,894 BTC valued at $387.68 million.
BlackRock's total Bitcoin holdings now stand at approximately $365,310 BTC, worth over $24 billion, positioning them as a major player in the crypto space.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.