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BlackRock Buys More ETH as Ethereum Gas Fees Hit Record Lows


by Anisha Pandey
for CoinEdition
Ethereum Gas Fees Drop, Whales Buy ETH
  • BlackRock’s iShares Ethereum Trust bought $10.7 million in ETH on Thursday.
  • Ethereum’s gas fee plunged below 1 gwei (around $0.06) on Friday.
  • JPMorgan claims that ETH has underperformed because of “intense” competitors.

Leading digital asset management firm BlackRock’s spot Ethereum exchange-traded fund (ETF), ETHA, added ETH worth a substantial $10 million on Thursday. Meanwhile, the price of the digital asset failed to break the $3,000 price level in the past few days, despite the broader market recovering from sell offs originating from fears of recent tariff impositions. 

On February 6th, ETHA added 3,840 ETH worth around $10.7 million and as per SoSoValue data, the iShares Ethereum Trust was the only spot ETH ETF with any inflow. 

No transaction was recorded for other Ethereum ETFs, including Grayscale’s ETHE on Thursday. The cumulative net inflow into US spot ETH ETFs stands at a significant $3.18 billion which also includes $3.93 billion worth of outflows from ETHE.

Related: Vitalik Buterin Warns of DAO Vulnerabilities, Questions ‘Renting’ Votes

Ethereum Gas Fees Plummet

On the other hand, the Ethereum gas fees (the cost of …

The post BlackRock Buys More ETH as Ethereum Gas Fees Hit Record Lows appeared first on Coin Edition.

Read the article at CoinEdition

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BlackRock Buys More ETH as Ethereum Gas Fees Hit Record Lows


by Anisha Pandey
for CoinEdition
Ethereum Gas Fees Drop, Whales Buy ETH
  • BlackRock’s iShares Ethereum Trust bought $10.7 million in ETH on Thursday.
  • Ethereum’s gas fee plunged below 1 gwei (around $0.06) on Friday.
  • JPMorgan claims that ETH has underperformed because of “intense” competitors.

Leading digital asset management firm BlackRock’s spot Ethereum exchange-traded fund (ETF), ETHA, added ETH worth a substantial $10 million on Thursday. Meanwhile, the price of the digital asset failed to break the $3,000 price level in the past few days, despite the broader market recovering from sell offs originating from fears of recent tariff impositions. 

On February 6th, ETHA added 3,840 ETH worth around $10.7 million and as per SoSoValue data, the iShares Ethereum Trust was the only spot ETH ETF with any inflow. 

No transaction was recorded for other Ethereum ETFs, including Grayscale’s ETHE on Thursday. The cumulative net inflow into US spot ETH ETFs stands at a significant $3.18 billion which also includes $3.93 billion worth of outflows from ETHE.

Related: Vitalik Buterin Warns of DAO Vulnerabilities, Questions ‘Renting’ Votes

Ethereum Gas Fees Plummet

On the other hand, the Ethereum gas fees (the cost of …

The post BlackRock Buys More ETH as Ethereum Gas Fees Hit Record Lows appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Why Does the SEC Keep Pausing ETFs That Hold XRP? A Look at the Bitwise Case

Why Does the SEC Keep Pausing ETFs That Hold XRP? A Look at the Bitwise Case

In a surprising turn of events, the U.S. Securities and Exchange Commission (SEC) app...
A Green Light, Then a Red Light: Why the SEC Is Pausing New Altcoin ETFs

A Green Light, Then a Red Light: Why the SEC Is Pausing New Altcoin ETFs

The SEC’s Division of Trading and Markets approved the Bitwise 10 Crypto Index Fund (...