*๐จCrypto News from Blackrock and the ETH Market*๐ค๐น$ETH $BTC
Here are some updates on Blackrock and the ETH market ยน:
-1๏ธโฃ*Blackrock's iShares Ethereum Trust*: Posted the highest level of subscriptions at $267 million.
- *3๏ธโฃEther Funds*: Eight new Ether funds listed, while the Grayscale Ethereum Trust converted from a closed-end structure into an ETF.
- *4๏ธโฃEther Market*: Considered smaller than the Bitcoin market, with Ether underperforming Bitcoin, dropping 1% compared to Bitcoin's steady performance.
*Bitcoin ETF Inflows*
Here are some updates on Bitcoin ETF inflows ยฒ:
- *BlackRock's Spot Bitcoin ETF*: Saw its largest net inflow day with $493 million.
- *iShares Bitcoin Trust (IBIT)*: Hit nearly $5.2 billion in assets under management.
- *Grayscale Investments' Bitcoin Trust ETF (GBTC)*: Is the largest spot bitcoin ETF, with $22.8 billion, but has seen net outflows every day since converting to an ETF.
- *Bitcoin ETFs*: The net inflows for all 10 totaled nearly $3.8 billion after Tuesday.
