BlackRock Ethereum ETF Holds 3,030 ETH

IconCryptoNewsTerminal Staff22 Jul, 2024

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BlackRock Ethereum ETF Holds 3,030 ETH

BlackRock's Physically-Backed Bitcoin ETP Holds 3,030 ETH BlackRock, the world's largest asset manager, has been making waves in the cryptocurrency space with the launch of its iShares Ethereum Trust ETF (ETHA). This ETF provides investors with exposure to the price of Ethereum (ETH) without the need to purchase and store the asset themselves. According to data from BlackRock's official website, the iShares Ethereum Trust ETF (ETHA) holds 3,030.7257 ETH. This equates to a value of $10.68 million. The ETF's holdings have been steadily increasing since its launch in June 2021, reflecting the growing institutional interest in Ethereum. The launch of BlackRock's Ethereum ETF is a significant development for the cryptocurrency industry. It signals that major financial institutions are becoming more comfortable with cryptocurrencies and are willing to offer them to their clients. This could lead to a wider adoption of cryptocurrencies and help to legitimize the asset class. Disclaimer: The information provided in this article is for informational purposes only and should not be considered as investment advice. Always consult with a qualified financial advisor before making any investment decisions. ---

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