#ETF✅ BlackRock Ethereum Exceeds 1 Million ETH Ownership

iShares Ethereum Trust ETF (ETHA), a spot-based Ethereum ETF launched by BlackRock, has now surpassed one million #Ethereum✅ (ETH) token ownership. Based on data from BlackRock's official website, ETHA now manages 1.025 million ETH with a market value of more than US$4 billion or equivalent to Rp64.3 trillion.

This happened after a significant inflow of investment in recent weeks, as reported by CoinGlass. Thus, the volume of ETH owned by the BlackRock ETF shows the increasing confidence of institutional investors in Ethereum.

According to Juan Leon, Senior Investment Strategist at Bitwise Asset Management, Ethereum has the potential to experience a major revival in 2025. He said that in the last 10 days, the spot-based Ethereum ETF has attracted US$2 billion in inflows, far exceeding the US$250 million over the previous four months.

Leon believes that Ethereum's role in real asset tokenization could generate more than US$100 billion in annual revenue and is supported by supportive regulations, especially from the Securities and Exchange Commission (SEC), the US financial services authority.

For information, this ETF is designed to follow the price movement of Ethereum, to provide investors with the opportunity to own crypto assets without having to manage their own digital wallets.