BlackRock's iShares Ethereum Trust (ETHA) continues to grow its assets, surpassing 2 million ETH, which reflects the rising interest from institutional investors.
Increase in Assets Under Management
Currently, BlackRock's iShares Ethereum Trust (ETHA) has accumulated over 2 million ETH, equivalent to more than $5.5 billion. The fund controls 1.65% of Ethereum's total supply, showcasing substantial institutional interest.
Surge in Inflows to ETF Funds
According to latest figures as of July 13, ETHA reached 2,001,081 ETH following a week of substantial inflows. The fund saw over $900 million enter in the past week, its strongest performance since launch.
Change in Ethereum's Market Structure
The increasing influence of institutional investors on Ethereum is becoming evident. The notable accumulation of assets in ETF funds indicates a decrease in ETH liquidity in the open market. Analysts suggest such changes could impact Ethereum's price and liquidity.
BlackRock's iShares Ethereum Trust crossing the 2 million ETH mark underscores the significance of ETF funds in Ethereum's market and signals potential shifts in asset management structure.
