🚨 BlackRock’s Ethereum ETF Explodes Past 3 Million ETH! 💥📈 Is Bitcoin Losing Its Crown? 👑🪙
💼 ETHA surpasses 3M ETH: BlackRock’s iShares Ethereum Trust (ETHA) added 59,309 ETH on July 29, taking total holdings over 3,000,000 ETH!
📊 $11.1B in AUM: ETHA now manages over $11.1 billion, with ~1.23M ETH acquired in July alone.
💸 Nearly 50% price surge: ETHA is trading close to $30, up almost 50% this month!
🟢 SEC greenlights new features: The SEC has approved in-kind redemptions and is considering ETH staking—meaning investors could earn rewards on ETH inside the ETF.
⚖️ Bitcoin dominance shrinking: ETH ETFs now make up 13% of crypto ETF market share, up from 10%, while Bitcoin ETFs drop to 82%, down from 90%.
🔥 Demand crushes ETH supply: ETHA’s daily ETH purchases outpace Ethereum’s daily net issuance by 24×!
📊 Quick Stats
📌 Metric 📈 Value
■ETH holdings (ETHA) 3,000,000+ ETH
■ETH acquired in July ~1.23 million ETH
■Assets Under Management (AUM) ~$11.1 billion
■ETHA price change (July) +~50%
■ETH ETF market share ~13% (up from 10%)
■Bitcoin ETF market share ~82% (down from 90%)
■ETF demand vs ETH issuance 24× higher than network issuance
⚠️ Why It Matters?
■Institutions are diving into ETH like never before.
■SEC openness to ETH staking could revolutionize crypto ETFs.
■Bitcoin’s dominance is eroding as Ethereum gains serious ground.