BlackRock’s Ethereum Spot ETF ETHA Amasses $375M in ETH, Holding 2.46% of Total Supply
Main Idea
BlackRock’s Ethereum spot ETF ETHA has accumulated $375 million worth of ETH this week, bringing its total holdings to $11.32 billion, which represents 2.46% of the total Ethereum supply.
Key Points
1. BlackRock’s ETHA ETF added $375 million in ETH this week, increasing its total holdings to $11.32 billion.
2. ETHA now holds 2.46% of the total Ethereum supply, indicating significant institutional influence.
3. The ETF provides a regulated, accessible vehicle for institutional investors to gain exposure to Ethereum.
4. ETHA’s exclusive focus on Ethereum allows concentrated exposure compared to other crypto ETFs that may focus on Bitcoin or diversified baskets.
5. COINOTAG data highlights ETHA’s growing influence in the crypto ETF market.
Description
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