The BlackRock iShares #Ethereum Trust ETF (ETHA) crosses a major milestone in its Ethereum holdings amid an impressive surge in institutional interest.
2024 has arguably been the year of institutional adoption for crypto as newly launched U.S. spot Bitcoin and Ethereum ETFs have funneled billions into the market. As the year ends, this capital influx shows no signs of slowing.
In the latest instance highlighting this surge in institutional interest, one of these newly launched products has hit a new milestone.
BlackRock Ethereum ETF Hits 1M ETH
BlackRock’s Ethereum ETF (ETHA) has hit a new milestone. As highlighted by blockchain tracker Lookonchain on Wednesday, December 18, the investment vehicle now holds over 1 million ETH, specifically 1,025,378 ETH worth over $4 billion.
This feat is significantly impressive, as the product has only been open for trading for less than six months after launching in July 2024.
ETHA is the first among the newly launched Ethereum ETF products to reach the milestone. For context, Grayscale’s mini Ethereum ETF ETH boasts the second-largest holdings among the newly launched products, with over 476,000 ETH worth nearly $1.9 billion.
The recent BlackRock Ethereum ETF milestone comes as the products have seen a resurgence in recent weeks after initial struggles.
