BlackRock’s iShares Ethereum Trust (ETHA) has seen impressive inflows, attracting nearly $500 million in just nine days. This solidifies BlackRock’s position as the leading provider of Ethereum exchange-traded funds (ETFs). 💰 Despite this influx and growing institutional interest, ETH’s spot price remains relatively stable at around $2,500, which is notable since ETFs tend to drive investor behavior, rather than directly impacting pricing. 🤔 BlackRock’s ETHA ETF has garnered the largest share of new capital in U.S. Ethereum ETFs, but this hasn’t led to a significant shift in ETH’s price. 📈 This suggests that investors are choosing the security and liquidity offered by ETFs over direct buying, potentially contributing to the price stability. On the other hand, high open interest in Ethereum derivatives indicates potential risk as leveraged trading activities increase significantly.