šØ BlackRock's Ethereum ETF (ETHA) Hits Major Milestone as Institutional Momentum Builds
š In a significant move for the crypto space, BlackRockās iShares Ethereum Trust (ETHA) has officially crossed 3 million $ETH in holdings ā a clear signal that institutional appetite for Ethereum is heating up.
š Key Highlights:
ā¢ +59,309 ETH added recently, pushing ETHAās holdings past 3M ETH
ā¢ $223M in inflows ā 40% of which occurred just in July
ā¢ $1.1B+ trading volume on Tuesday, with ETHA shares nearing $30
ā¢ SEC has approved in-kind redemptions for $ETH ETFs, boosting operational efficiency
ā¢ SEC is now reviewing BlackRockās $ETH staking proposal, potentially allowing ETFs to generate yield for investors ā a game-changer if approved by year-end
ā ļø Meanwhile, Bitcoin dominance is slipping, hinting at a possible shift toward altcoins ā especially Ethereum ā in the months ahead.
š The path is being paved for Ethereum to become a yield-generating institutional asset, not just a speculative one.
#Ethereum #BlackRock #CryptoETFs #DeFi #Blockchain
https://coingape.com/blackrock-ethereum-etf-etha-hits-3m-eth-holdings-as-bitcoin-dominance-slips/?utm_source=bnb&utm_medium=coingape
