BlackRock's #Ethereum ETF (ETHA) has seen a whopping $492 million influx over 9 consecutive trading days, solidifying its position in the crypto market. This surge is part of a larger trend, with Ethereum ETFs attracting over $800 million in new capital over 14 straight trading days. Here's the breakdown.
BlackRock's ETF Inflows: $492 million in 9 days, with $34.7 million added in a single day
Total Assets Under Management (AUM): $3.7 billion, holding over 1.5 million ETH coins
Market Impact: Despite Ethereum's 6% price correction in two weeks, these inflows indicate growing institutional confidence
Some experts predict a potential price surge, citing increased adoption and the possibility of staking on spot Ethereum ETFs. Others note that the disconnect between inflows and price action might be due to derivatives-based trading rather than spot-based trading.
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