BlackRock Ethereum ETF Surpasses $3 Billion in Investments

CoinMarketCap
14 Dec 2024

You can also read this news on COINTURK NEWS: BlackRock Ethereum ETF Surpasses $3 Billion in Investments

The BlackRock Ethereum ETF continues to attract significant inflows, surpassing $3 billion since its inception. The recent increase in ETH prices to $4,000 and Donald Trump’s crypto-friendly policies have significantly influenced institutional investments in Ether ETFs.

BlackRock Ethereum ETF Performance

BlackRock’s iShares Ethereum ETF (ETHA) has experienced net inflows for ten consecutive days, totaling over $1.3 billion during this period. According to data from Farside Investors, the total inflows into ETHA have reached approximately $3.2 billion since its inception.

The rising demand for Ethereum-based exchange-traded funds is evident, as these funds have garnered over $2 billion in investments since July. In contrast, the Grayscale Ethereum Trust (ETHE) faced $3.5 billion in outflows during the same timeframe.

ETH Price Prediction for 2025

Recently, the ETH price surged to $4,000 but could not maintain that level. At the time of writing, Ethereum was trading at $3,913, reflecting a 0.74% decline, while market analysts predict a substantial rise in Ethereum’s value.

Leading crypto analyst, VentureFounder, projected that Ethereum’s price could reach $15,937 by May 2025. In the short term, the analyst anticipates Ethereum could return to its all-time high of $4,900 within three weeks.

The BlackRock management team holds strong expectations regarding the future performance of Ethereum ETFs. Should Ethereum break significant resistance levels and exceed the $5,000 target, interest in the BlackRock Ethereum ETF is expected to continue growing.

If the investment inflows into ETHA persist at this pace, further increases in Ethereum’s value are anticipated. However, it is emphasized that the asset must first overcome critical resistance levels.

The rising interest in Ethereum ETFs reflects the increasing engagement of institutional investors in the cryptocurrency market. This trend could positively impact Ethereum’s market value and overall adoption.

The post BlackRock Ethereum ETF Surpasses $3 Billion in Investments appeared first on COINTURK NEWS.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10