BlackRock’s iShares Ethereum ETF May Continue Growing Holdings Amid Rising Institutional Interest
Main Idea
BlackRock’s iShares Ethereum ETF has accumulated over 3 million ETH, worth $11.4 billion, representing 2.5% of Ethereum’s circulating supply, driven by a 52% price surge in July and increased institutional interest.
Key Points
1. BlackRock’s iShares Ethereum ETF holds over 3 million ETH, valued at $11.4 billion, accounting for 2.5% of Ethereum’s total supply.
2. Over 60% of BlackRock’s ETH holdings were acquired in July, marking its most aggressive accumulation phase.
3. Ethereum’s price surged 52% in July, surpassing $3,500, fueling institutional demand.
4. BlackRock’s ongoing Ethereum purchases reflect sustained institutional confidence in ETH, despite mixed market signals.
5. The growing adoption of Ethereum-based investment products, such as spot ETFs, underscores Ethereum’s increasing institutional appeal.
Description
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