BlackRock’s Ethereum ETF Holdings Soar 50%, Fueling Institutional Demand

BlackRock has witnessed a surge in its Ethereum holdings, driving significant institutional interest in the cryptocurrency. In just one month, their iShares Ethereum Trust ETF (ETHA) holdings have increased by 50% to reach nearly 3.54 million ETH, valued at over $15 billion. This influx of capital into the ETF signifies a growing demand from traditional investors and corporate treasuries for exposure to Ethereum without needing to handle custody themselves. While this growth hasn’t elicited any official comments from BlackRock or major crypto influencers, it is expected to have a ripple effect on market liquidity and dynamics within the Ethereum ecosystem.