In recent weeks, U.S. Ethereum ETFs have shown significant growth, reaching a new record and attracting substantial funds.
Total ETF Assets Under Management
According to the latest reports, U.S. spot Ethereum ETFs now manage 3.91 million ETH, valued at about $10.56 billion. Over the past 19 days, these funds have pulled in over $1.37 billion in net inflows.
BlackRock's Impact on the Market
BlackRock leads with a 41% share of total assets, managing around 1.58 million ETH worth $4.1 billion. Their performance has been consistently strong, mirrored by the similar success of their Bitcoin ETF IBIT.
Current Situation with Ethereum
Despite the success of ETFs, Ethereum is currently on a downward trend, decreasing by 3% in the last 24 hours and trading just above $2,500. It has seen an 11% drop from its monthly high of $2,869.
Thus, BlackRock's success in managing Ethereum ETFs highlights the growing interest among investors, despite current price fluctuations in Ethereum itself.
