BlackRock’s ETHA ETF Sees $492M Inflows, Spark Debate on Ethereum Demand

BlackRock’s ETHA ETF has received a significant influx of capital, attracting nearly $500 million in just nine days. This substantial inflow marks BlackRock as the leading provider for institutional investors looking to invest in Ethereum. However, despite this massive investment activity, the spot price of Ethereum remains relatively unchanged at below $2,500, sparking discussions about the real driving force behind the market momentum.