BlackRock Launches Ethereum ETF on Nasdaq, Garnering $25 Million in Initial Inflows

BlackRock has introduced its iShares Ethereum Trust ETF, denoted by the ticker symbol ETHA, on the Nasdaq exchange, attracting $25 million in investor inflows upon launch. This development signifies a growing interest among institutional investors in investing in Ethereum. The firm’s entry into the market positions it as a leader in providing crypto-related financial products. 20-year veteran Jay Jacobs and Robert Mitchnick led this initiative, furthering BlackRock’s investment strategy by introducing regulated vehicles for access to digital assets.