BlackRock’s spot Ethereum exchange-traded fund (ETF), ETHA, has significantly expanded its Ethereum holdings this week. The fund acquired an additional $375 million worth of ETH, bringing its total holdings to $11.32 billion.
This substantial accumulation now represents 2.46% of the entire Ethereum supply. The scale of these holdings underscores the considerable institutional influence ETHA wields within the Ethereum market.
ETHA provides institutional investors with a regulated and accessible vehicle to gain exposure to Ethereum. A key differentiator for the fund is its exclusive focus on Ethereum, offering concentrated exposure compared to other cryptocurrency ETFs that may center on Bitcoin or diversified baskets of multiple digital assets.
The fund’s rapid asset accumulation highlights its growing significance and market presence as a major conduit for institutional capital flowing into the Ethereum ecosystem.