BLACKROCK'S SPOT ETHEREUM ETF HAS CROSSED $1 BILLION FOR THE FIRST TIME
Just two months after its launch, BlackRock's Ethereum spot exchange-traded fund has surpassed $1 billion in value.
The ETF Store president Nate Geraci said the figure puts the investment product in the top 20% of the 3,700 ETFs available in the U.S. market.
This week was only the second week with net positive inflows into ETH funds. Total inflows totaled $84.5 million, with $58.7 million coming on Friday, according to SoSoValue.
Moreover, the period began with a record outflow of $79.2 million since July.
Recall that the SEC postponed until November the decision to approve applications for listing options based on spot Ethereum ETFs from BlackRock, Bitwise and Grayscale.
