Blackrock’s Ethereum ETF Records $639 Million Investment Surge

Blackrock’s Ethereum exchange-traded fund (ETFs), known as ETHA, witnessed a record-breaking single-day investment influx of $639.87 million on Monday. This significant inflow marks the largest daily investment volume since ETHA’s launch. This surge signifies growing investor enthusiasm for this asset class. Financial experts attribute this increase to expanding DeFi applications and rising institutional interest in Ethereum.