#BlackRockETHPurchase BlackRock has made significant strides in the cryptocurrency market with its iShares Ethereum Trust ETF, trading under the ticker ETHA. This ETF offers investors exposure to Ethereum's native token, ether (ETH), without the need to directly hold the cryptocurrency.

Initial Investment and Launch

In May 2024, BlackRock seeded the ETHA fund with a $10 million investment, purchasing 400,000 shares at $25 each . This move was a preparatory step ahead of the ETF's official launch. Subsequently, ETHA began trading on the Nasdaq on July 23, 2024 .

Fund Performance and Holdings

As of June 3, 2025, ETHA boasts over $3.76 billion in net assets, with approximately 189.76 million shares outstanding . The fund's holdings are backed by ether, providing investors with direct exposure to Ethereum's price movements.

Recent Developments

On February 6, 2025, ETHA added 3,840 ETH, valued at approximately $10.7 million, to its holdings . This addition occurred during a period when Ethereum's gas fees reached record lows, indicating strategic timing in asset accumulation.

Investment Considerations

ETHA carries a standard sponsor fee of 0.25%. However, BlackRock has implemented a one-year waiver, reducing the fee to 0.12% on the first $2.5 billion of assets under management . This fee structure, combined with BlackRock's reputation, makes ETHA an attractive option for investors seeking Ethereum exposure through traditional financial instruments.

If you're considering investing in ETHA or have further questions about Ethereum ETFs, feel free to ask!