BlackRock’s iShares Ethereum Trust Surpasses 2 Million ETH Amid Growing Institutional Interest

Key Points

1. BlackRock’s iShares Ethereum Trust (ETHA) holds 2,001,081 ETH as of July 13, valued at over $5.5 billion, representing more than 1.65% of Ethereum’s circulating supply.

2. U.S. spot Ethereum ETFs have collectively amassed $13.5 billion in assets under management, accounting for nearly 3.8% of Ethereum’s market capitalization.

3. ETHA’s market performance surged 17% in a week, closing at $22.80, driven by strong institutional demand and inflows.

4. The concentration of ETH in institutional ETFs like ETHA is reshaping Ethereum’s liquidity landscape, potentially reducing volatility and enhancing market stability.

5. Key players in the U.S. spot Ethereum ETF market include Fidelity, Bitwise, and Grayscale, alongside BlackRock.