Ethereum ETFs Surge with Record Inflows as BlackRock’s ETHA Reaches New Heights and Sparks Future Speculation
Main Idea
Ethereum ETFs, led by BlackRock’s iShares Ethereum Trust (ETHA), achieved a record $1.019 billion in inflows on August 11, driving ETH’s price to $4,279 and showcasing strong market performance.
Key Points
1. Ethereum ETFs saw record inflows of $1.019 billion on August 11, with BlackRock’s ETHA leading the surge.
2. BlackRock’s ETHA doubled its holdings to over $10 billion in three months and added 149,168 ETH worth approximately $640.68 million in a single day.
3. ETH’s price surged by 19% in the past week, outpacing Bitcoin’s modest 4% growth, reaching $4,279.18.
4. ETHA’s share price reached a record $33.02, with a 41% increase in the last month and nearly 200% growth since its April low of $11.50.
5. The broader digital asset market showed mixed performance, with Bitcoin slipping below $120,000, while Ethereum maintained a bullish trajectory.
Description
On August 11, Ethereum ETFs experienced a record inflow, achieving $1.019 billion, largely driven by BlackRock’s iShares Ethereum Trust (ETHA), now boasting a $10 billion total in three months. This
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