The sharp rise in Ethereum prices has led to record inflows into BlackRock's ETF. In the last 24 hours, net inflows to the ETHA fund reached $546.7 million.
Inflows and Assets Under Management
Since the launch of the ETHA ETF, cumulative net inflows have reached $7.66 billion, while assets under management (AUM) now stand at $8.47 billion. In the past 24 hours, inflows across all Ethereum-based ETFs totaled $602 million, confirming a positive trend that has continued for 10 consecutive weeks. The combined AUM for these ETFs is currently $17.32 billion.
Interest in Staking Options
Capital inflows may have intensified following BlackRock's recent filing with the SEC seeking to add a staking feature to the ETHA fund. This initiative came shortly after the launch of the REX-Osprey Solana Staking ETF with a similar feature. BlackRock's request was filed through Nasdaq under Rule 19b-4, which is used for listing new funds.
Regulatory Environment and Future of Staking ETFs
The REX-Osprey Solana Staking ETF operates under a stricter regulatory framework based on the Securities Act of 1940. In contrast, most crypto funds follow the Securities Exchange Act of 1934. So far, no staking fund has received approval under the 1934 Act model, but the SEC has shown ongoing interest in such products.
The growing interest from investors towards BlackRock's ETFs and staking options underscores the importance of regulation and adaptation of products to meet the needs of cryptocurrency market participants.
