Currencies35289
Market Cap$ 4.43T-2.63%
24h Spot Volume$ 109.77B+12.1%
DominanceBTC54.80%-0.09%ETH12.30%-0.86%
ETH Gas3.83 Gwei
Cryptorank

BlackRock Leads $455 Million Ethereum ETF Inflows, as ETH Price Shoots 4%


by Bhushan Akolkar
for Coinspeaker
BlackRock Leads $455 Million Ethereum ETF Inflows, as ETH Price Shoots 4%

World’s largest asset manager BlackRock led the $450 million inflows registered across all US Ethereum ETF issuers on August 26.

Inflows into Ether ETFs have shot up significantly this week, crossing the $13 billion milestone since inception. The ETH ETH $4 621 24h volatility: 1.6% Market cap: $557.54 B Vol. 24h: $36.69 B price has bounced back once again, gaining 4.5% today, and surging past $4,600 levels.

Spot Ethereum ETF Inflows Surge Again, Led by BlackRock

US-listed Ethereum ETFs recorded $455 million in net inflows on Tuesday, marking their fourth straight day of gains.

Data from SoSoValue shows that both BlackRock and Fidelity led the surge, with ETHA adding $323 million and FETH bringing in $85.5 million. Grayscale’s ETHE and its Mini Ethereum Trust also reported positive inflows.

Spot Ethereum ETF inflows are on the rise. | Source: SoSoValue

Spot Ethereum ETF inflows are on the rise. | Source: SoSoValue

Amid the ongoing development, BlackRock iShares Ethereum Trust (ETHA) is hitting new records with $16.5 billion in assets under management.

The asset manager purchased an additional 71,037 ETH, valued at $323.08 million, with $2 billion in trading volume on August 26. This marks the fourth consecutive day of inflows for the fund, bringing its cumulative total to $984 million.

The BlackRock Ethereum ETF now holds a total of 3.775 million of Ethereum, with more than 2million ETH accumulated just over the past two months.

On Tuesday, the ETHA share price surged another 4%, closing at the high of $34.82. Also, the share price is up by over 100% in the last six months, highlighting strong demand for the BlackRock fund.

Meanwhile, Bitcoin ETFs recorded $88.2 million in total daily inflows across six funds, continuing a trend where Ether ETFs are outpacing their Bitcoin BTC $112 023 24h volatility: 1.5% Market cap: $2.23 T Vol. 24h: $37.22 B counterparts.

On Monday, inflows into Ethereum ETFs were more than double those of spot Bitcoin ETFs, signaling a “significant rotational shift” from Bitcoin to Ethereum.

ETH Price Rises 4% Above $4,600

ETH price is once again showing strength after a pullback to $4,300 last week. Since then, Ethereum has regained 7% and is currently trading above $4,600 levels.

Analyst Daan Crypto Trades noted that ETH price is maintaining its diagonal support while consolidating in the current price range. Key levels to monitor include the 2021 all-time high near $4,900 and local support between $4,000 and $4,100.

Price action within this range is expected to remain volatile until a clear breakout direction emerges.

ETH Treasury firms continue to purchase in big numbers. Bitmine Technologies (NYSE: BMNR) purchased nearly 200,000 ETH over the past week.

The post BlackRock Leads $455 Million Ethereum ETF Inflows, as ETH Price Shoots 4% appeared first on Coinspeaker.

Read the article at Coinspeaker

Read More

Ray Dalio, UBS analysts push gold for portfolio as prices top $4,000

Ray Dalio, UBS analysts push gold for portfolio as prices top $4,000

Bridgewater Associates founder Ray Dalio is telling investors to load up on gold as t...
BNB gains $6B separation, flipping XRP for third spot in market cap rankings

BNB gains $6B separation, flipping XRP for third spot in market cap rankings

BNB, Binance’s native token, has flipped XRP, becoming the 3rd largest crypto coin in...

BlackRock Leads $455 Million Ethereum ETF Inflows, as ETH Price Shoots 4%


by Bhushan Akolkar
for Coinspeaker
BlackRock Leads $455 Million Ethereum ETF Inflows, as ETH Price Shoots 4%

World’s largest asset manager BlackRock led the $450 million inflows registered across all US Ethereum ETF issuers on August 26.

Inflows into Ether ETFs have shot up significantly this week, crossing the $13 billion milestone since inception. The ETH ETH $4 621 24h volatility: 1.6% Market cap: $557.54 B Vol. 24h: $36.69 B price has bounced back once again, gaining 4.5% today, and surging past $4,600 levels.

Spot Ethereum ETF Inflows Surge Again, Led by BlackRock

US-listed Ethereum ETFs recorded $455 million in net inflows on Tuesday, marking their fourth straight day of gains.

Data from SoSoValue shows that both BlackRock and Fidelity led the surge, with ETHA adding $323 million and FETH bringing in $85.5 million. Grayscale’s ETHE and its Mini Ethereum Trust also reported positive inflows.

Spot Ethereum ETF inflows are on the rise. | Source: SoSoValue

Spot Ethereum ETF inflows are on the rise. | Source: SoSoValue

Amid the ongoing development, BlackRock iShares Ethereum Trust (ETHA) is hitting new records with $16.5 billion in assets under management.

The asset manager purchased an additional 71,037 ETH, valued at $323.08 million, with $2 billion in trading volume on August 26. This marks the fourth consecutive day of inflows for the fund, bringing its cumulative total to $984 million.

The BlackRock Ethereum ETF now holds a total of 3.775 million of Ethereum, with more than 2million ETH accumulated just over the past two months.

On Tuesday, the ETHA share price surged another 4%, closing at the high of $34.82. Also, the share price is up by over 100% in the last six months, highlighting strong demand for the BlackRock fund.

Meanwhile, Bitcoin ETFs recorded $88.2 million in total daily inflows across six funds, continuing a trend where Ether ETFs are outpacing their Bitcoin BTC $112 023 24h volatility: 1.5% Market cap: $2.23 T Vol. 24h: $37.22 B counterparts.

On Monday, inflows into Ethereum ETFs were more than double those of spot Bitcoin ETFs, signaling a “significant rotational shift” from Bitcoin to Ethereum.

ETH Price Rises 4% Above $4,600

ETH price is once again showing strength after a pullback to $4,300 last week. Since then, Ethereum has regained 7% and is currently trading above $4,600 levels.

Analyst Daan Crypto Trades noted that ETH price is maintaining its diagonal support while consolidating in the current price range. Key levels to monitor include the 2021 all-time high near $4,900 and local support between $4,000 and $4,100.

Price action within this range is expected to remain volatile until a clear breakout direction emerges.

ETH Treasury firms continue to purchase in big numbers. Bitmine Technologies (NYSE: BMNR) purchased nearly 200,000 ETH over the past week.

The post BlackRock Leads $455 Million Ethereum ETF Inflows, as ETH Price Shoots 4% appeared first on Coinspeaker.

Read the article at Coinspeaker

Read More

Ray Dalio, UBS analysts push gold for portfolio as prices top $4,000

Ray Dalio, UBS analysts push gold for portfolio as prices top $4,000

Bridgewater Associates founder Ray Dalio is telling investors to load up on gold as t...
BNB gains $6B separation, flipping XRP for third spot in market cap rankings

BNB gains $6B separation, flipping XRP for third spot in market cap rankings

BNB, Binance’s native token, has flipped XRP, becoming the 3rd largest crypto coin in...