Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (1,374)
  • Analysis (1,560)
  • Bitcoin (2,145)
  • Blockchain (1,256)
  • DeFi (1,474)
  • Ethereum (1,476)
  • Event (56)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (1,517)
  • Press Releases (1)
  • Reddit (797)
  • Regulation (1,417)
  • Security (2,034)
  • Thought Leadership (2)
  • Videos (41)
Hand picked
  • Easy provides the crypto investment in Telegram via your blockchain
  • The Stablecoin exchange entries drop $ 61 billion – a sign of observation for Bitcoin?
  • Build Solana’s complete confidentiality layer
  • A hinge shaping the regulation of cryptocurrencies
  • Bitcoin Defi takes root sur sui – it’s how it works
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Ethereum»Ethereum adoption grows as BlackRock ETF secures 1 million ETH
Ethereum

Ethereum adoption grows as BlackRock ETF secures 1 million ETH

December 20, 2024No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
A 7040e9.png
Share
Facebook Twitter LinkedIn Pinterest Email


BlackRock’s iShares Ethereum Trust ETF (ETHA) has reached 1 million ETH in holdings, worth over $4 billion. This milestone reached on December 18, 2024 constitutes a remarkable feat for the fund, created only six months earlier, in July.

As institutional interest in cryptocurrencies increases, this ETF is emerging as a favorite among new Ethereum products.

Institutional interest on the rise

BlackRock’s growing stakes in Ethereum ETFs are part of a broader trend of large companies investing in cryptocurrencies. In 2024, billions of dollars have been invested in new Bitcoin and Ethereum exchange-traded funds.

According to blockchain tracker Lookonchain, ETHA now has 1,025,378 ETH, making it the first new Ethereum ETF to reach this milestone. In comparison, Grayscale’s Ethereum ETF holds around 476,000 ETH.

BREAK: #BlackRockiShares Ethereum Trust ETF now holds over 1 million $ETHtotaling 1,025,378 $ETH($4.04 billion). pic.twitter.com/kvd7KY24zQ

– Lookonchain (@lookonchain) December 18, 2024

The increase in assets under management (AUM) is particularly impressive given the early difficulties Ethereum ETFs faced at launch. Many products saw minimal inflows as they competed with larger funds such as Grayscale’s ETHE.

As of September 2024, a substantial change has occurred. Following political events such as Donald Trump’s electoral triumph, market sentiment has improved significantly. Reports indicate that net inflows into Ether ETFs exceeded $850 million in the previous week.

A promising future for Ethereum

Experts believe that growing interest could indicate a bright future for Ethereum. Juan Leon, senior investment strategist at Bitwise Asset Management, estimates that Ether is expected to rebound in 2025. He says the real-world asset market could produce more than $100 billion in annual fees for ETH, well over beyond its current profits.

The current influx of capital into Ethereum ETFs reflects the newfound confidence of institutional investors. Data from CoinGlass shows that these products have received significant investment recently, with total assets of several Ethereum ETFs exceeding $14 billion. This trend shows that more and more investors want to gain exposure to Ether without having to manage their own portfolio.

Looking to the future

The head of digital assets research at BlackRock warns that it may take some time for Ethereum products to catch up with their Bitcoin counterparts, despite this encouraging trend. As the market and regulatory environment evolves, the road ahead may still prove difficult.

Nonetheless, with growing institutional support and increasing interest from traditional financial entities, the prospects for BlackRock’s Ether ETF and the broader cryptocurrency market look promising as we approach 2025.

Featured image of DALL-E, chart by TradingView





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleMartin Shkreli Loads MicroStrategy Shorts: Will Pharma Bro Beat Saylor?
Next Article Delphi’s DeFi year coming in 2025

Related Posts

Ethereum

Trump Media Dost for Bitcoin and Etf Etf Etf

June 17, 2025
Ethereum

Zachxbt warns that the alleged Zkasino fraudster can be linked to a new Whiterock crypto-adventure

June 17, 2025
Ethereum

Global experience: Updates of the next billion scholarship

June 16, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

Philippine Blockchain Week 2025 Welcomes Global Web3 Trailblazers to Manila

June 9, 2025

Manila, Philippines – June 9, 2025 — As Philippine Blockchain Week (PBW) 2025 returns for…

Event

ETHMilan 2025 Returns With a Stellar Line-Up at One of Milan’s Most Iconic Venues

June 5, 2025

Milan, Italy – Mark your calendars! ETHMilan, Italy’s largest international Ethereum and Web3 conference, is…

1 2 3 … 49 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

Easy provides the crypto investment in Telegram via your blockchain

June 17, 2025

Why overvoltage from 60% to 7 days of aerodrome finance means that $ 1 could fall!

June 17, 2025

Nasdaq includes XRP, Stellar (XLM), Solana (Sol) and Cardano (ADA) in the business cryptography index

June 16, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 106,704.59
ethereum
Ethereum (ETH) $ 2,583.94
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.23
bnb
BNB (BNB) $ 657.32
solana
Solana (SOL) $ 153.06
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.277375
dogecoin
Dogecoin (DOGE) $ 0.173944
staked-ether
Lido Staked Ether (STETH) $ 2,583.38