F Billion Dollars Worth of Ethereum
The two biggest exchange-traded fund (ETF) issuers, BlackRock and Fidelity, bought over $500 million in Ether in the past two days. According to Arkham IntelligenceX’s post on Dec. 12, BlackRock and Fidelity acquired more than half a billion dollars in Ethereum (ETH) in the past two days. This transaction was made through Coinbase Prime. It also shows that the two ETF issuers are taking more action in their portfolio by acquiring more Ether after receiving approval from the Securities and Exchange Commission (SEC) in May.
iShares Ethereum Trust ETF (ETHA) from BlackRock is the largest issuer, with a total inflow of up to $2.93 billion. Along with Fidelity, this crypto-product has received inflow for up to 8 days in a row. Fidelity Ethereum Fund (FETH) is the second-largest issuer, with a total inflow of up to $1.35 billion. The biggest inflow occurred on Dec. 10, amounting to $202 million.
You might also like: Fidelity axes spot Ethereum ETF staking feature. BlackRock move on Ethereum Recently, BlackRock has been planning to start Ether ETF spot trading options by filing with the commission. ETHA, as the only ETF listed on the Nasdaq exchange, requested the regulator to allow these trading options. This decision will likely be announced by the SEC in April 2025, while other experts say they also need approval from additional regulators to launch spot trading options, including the Commodity Futures Trading Commission (CFTC) and the Options Clearing Corporation (OCC).
Read more: BlackRock seeks to launch options on Ethereum ETFs. What does this mean for the market?
