BLACKROCK SPOT ETHEREUM ETF SURPASSES $1 BILLION IN VALUE

BlackRock’s spot Ethereum ETF hit a significant milestone, crossing $1 billion in total asset value just two months after launch.

This occurred amid the highest weekly inflows since early August, totaling $84.5 million, marking only the second week of positive inflows since these ETFs launched in late July.

Led by Fidelity and BlackRock, U.S. spot Ether funds saw a reversal of a six-week outflow trend, propelling total net asset value to $7.4 billion, with #Ethereum outperforming #Bitcoin amid increased blockchain activity.