Top asset managers like BlackRock, Fidelity, and Grayscale have been on a heavy Ethereum accumulation spree, scooping a total of 155,620 ETH on August 13, through their Ether ETF funds. The BlackRock iShares Ether Trust (ETHA) alone contributed $500 million in inflows yesterday. Within the first three days of the week, the ETFs have already crossed $2.2 billion in net inflows, highlighting strong institutional interest.
Zora
08/14 08:58
BlackRock, Fidelity, Grayscale on Ethereum Buying
BlackRock, Fidelity, Grayscale on Ethereum Buying Spree, Adding Another 155,000 ETH
BlackRock, Fidelity, and Grayscale accumulated 155,620 ETH , worth $704.3M on August 13, with BlackRock’s ETHA contributing $500M alone.
- Ethereum ETF inflows led by BlackRock have surpassed $2.2B this week, amid strong institutional demand.
- ETHA has also reached a total of $3 billion in daily trading volume, holding a total of 3.5 million ETH.
- Ether ETFs outperformed Bitcoin ETFs in inflows this week, by a wide margin.
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