BlackRock’s Ethereum ETF Value Surpasses $15 Billion

BlackRock’s iShares Ethereum Trust ETF (ETHA) has experienced a substantial surge in value, surpassing the $15 billion mark. This growth is fueled by 3.54 million ETH acquired by institutional investors, demonstrating strong interest in Ethereum ETFs. Over the past month, ETHA’s market value has soared from over $10 billion on July 23 to $15 billion in August, signifying a significant increase in asset holdings. Experts attribute this growth to growing institutional adoption of Ethereum, potentially influencing broader crypto market dynamics and signaling a shift in asset management strategies.