BlackRock continues to accumulate Ethereum, adding $338 million on August 15, despite a net outflow of $59 million across all funds. The asset manager has accumulated $11.4 billion worth of Ethereum in just a few weeks, underscoring its conviction in ETH. Ethereum ETFs are experiencing unprecedented demand, with net inflows totaling $2.85 billion and trading volume surging past $17 billion.
BlackRock has continued to bolster its Ethereum holdings, adding $338 million on August 15, despite a net outflow of $59 million across all funds. This latest move by the asset manager underscores its strong conviction in Ethereum (ETH), as it has amassed $11.4 billion worth of the cryptocurrency in just a few weeks [4].
The week closed with a modest net outflow across all Ethereum ETFs, but BlackRock's iShares Ethereum ETF (ETHA) led the charge with a significant inflow of $519 million on August 14 [3]. This accumulation is part of a broader trend where Ethereum ETFs are experiencing unprecedented demand, with net inflows totaling $2.85 billion and trading volume surging past $17 billion during the same period [2].
Ethereum ETFs have seen substantial growth, with these funds collectively accumulating approximately $26 billion in assets and drawing near $11 billion in inflows during the current investment cycle [1]. This surge is being viewed as a potential reshaping of market dynamics and valuations, with Ethereum ETFs demonstrating a level of institutional adoption previously seen in Bitcoin-focused products [1].
While Ethereum has experienced a minor price pullback in recent days, the underlying trend remains upward, indicating sustained institutional support. The ETF inflows are seen as reinforcing a broader market narrative where Ethereum is increasingly being viewed as a strategic addition to diversified portfolios [1].
References:
[1] https://www.ainvest.com/news/ethereum-news-today-blackrock-drives-640m-ethereum-etf-inflows-surpassing-fidelity-2508/
[2] https://www.tradingview.com/news/cointelegraph:bd34e1310094b:0-bitcoin-and-ether-etfs-post-40b-volume-in-biggest-week-ever/
[3] https://www.coinspeaker.com/blackrock-ethereum-etf-dominates-inflows-even-as-eth-price-rally-stalls/
[4] https://u.today/blackrock-still-buying-ethereum-will-eth-price-reverse-trend
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