With more than $1 billion in assets, BlackRock’s iShares Ethereum ETF (ETHA) is now in the top 20% of all 3,700-plus ETFs, ETF Store President Gate Geraci tweeted.
iShares Ethereum ETF eclipses $1bil in assets…Now in top 20% of all 3,700+ ETFs.Did this is 2 months. pic.twitter.com/iRWaxkjZxl
— Nate Geraci (@NateGeraci) September 28, 2024
BlackRock’s ETHA assets exceed 1 billion
According to statistics from SoSoValue, the total asset size of the nine Ethereum spot ETFs in the United States is $7.44 billion, accounting for 2.3% of the total market value of Ethereum. Although Grayscale’s ETHE has seen outflows of $2.9 billion so far, its asset size still ranks first, currently at $4.51 billion, while the asset size of its spun-off Grayscale Mini Ethereum Trust ETH is $1.06 billion. BlackRock’s ETHA currently ranks third, having attracted $1.13 billion in capital to date, with assets reaching $1.04 billion.
Overall, affected by Grayscale, the Ethereum spot ETF still showed a net outflow of $520 million since its listing.
Ethereum ETF and ETH trend
Looking back at the Ethereum spot ETF application process, since BlackRock joined the fray in November 2023, ETH has broken through $2,000 from a low point and reached a recent high of $4,093 in March. With the SEC's approval of Form 19b-4 in May and its official listing on July 23, the trend of ETH seems to be trending towards the sell the news market. It once fell to around 2,100 in August, which clearly shows the impact of expectations on the price of ETH.
The recent failure of Ethereum spot ETF options to pass, and many people are worried about the long-term value of Ethereum, whether Ethereum, known as digital silver, can attract more funds, and then push up the price of the currency, may it It is the biggest challenge to ETH.
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