@spiritedsparr
Alongside corporate treasuries, Ether is also being absorbed by spot exchange-traded funds (ETFs). The products saw a slow start after their US debut in 2024, but demand picked up this July as a friendlier regulatory environment for crypto assets supported renewed institutional interest.
That surge is led by BlackRock’s iShares Ethereum ETF (ETHA), which has become one of the fastest-growing ETFs on record, with assets worth over $16 billion on Tuesday.
According to data from CoinMarketCap, spot ETH ETFs collectively hold about $24 billion in assets under management (AUM).
0 reply
0 recast
0 reaction