The BlackRock Ethereum ETF product ETHA currently holds 3.49 million ETH, accounting for 58.03% of the total holdings of all Ethereum ETFs, holding an absolute dominant position.

Based on the current ETH price of approximately $4,300, this portion of the holdings is valued at over $15 billion.

In comparison, the total holdings of all other Ethereum ETFs amount to approximately 2.51 million ETH, with a total value of around $10.8 billion, which is only about 70% of BlackRock's single product.

Such a high market share reflects investors' recognition of the BlackRock brand and highlights its first-mover advantage and scale effect in the Ethereum ETF space, a pattern that may be difficult to shake in the short term.$ETH #主流币轮动上涨