BlackRock's iShares Ethereum Trust has achieved a significant milestone by holding over 2 million ETH, highlighting the growing interest from institutional investors in Ethereum.
Achievements of iShares Ethereum Trust
According to the latest data, as of July 13, the iShares Ethereum Trust holds 2,001,081 ETH. This milestone comes after a record week of inflows, with over $900 million added, marking the fund's strongest performance since its launch.
Infrastructure for Institutional Investment Market
Currently, all U.S. spot ETH ETFs manage $13.5 billion in assets, accounting for nearly 3.8% of ETH's market cap. BlackRock leads in the market, followed by Fidelity, Bitwise, and Grayscale. The total net inflows across all funds have surpassed $5.3 billion.
Trends in the Ethereum Market
ETHA also had a successful week in the market, closing at $22.80 on Friday, nearly 17% higher than its opening price of $19.36 on Monday. This marks the largest weekly gain since May, with price performances reflecting a shift of ETH from the open market into long-term investment instruments.
The growing interest from institutional investors in Ethereum continues to significantly impact the market, altering both liquidity dynamics and the supply-demand structure.
