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BlackRock’s Ethereum ETF Reaches $3 Billion Under Management; Will ETH rise?
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THE BlackRock Ethereum ETF (ETHA) has witnessed strong cash inflows in recent weeks, according to data from Farside Inverstors. Taking into account the days from November 29th, ETHA recorded inflows exceeding US$200 million on three of those days.
Last Thursday (12), the ETF received US$202 million in investmentswhich made the fund cross the milestone of US$3 billion in assets under management. This value corresponds to how much ETHA has accumulated since its launch on July 23.
In the last 10 trading sessions, ETHA and FETH, Fidelity’s ETF, have accumulated a sequence of consecutive entries. On the other hand, the Grayscale ETF (ETHE) recorded the ninth consecutive day of outflows, accumulating losses exceeding US$3.5 billion.
Future US President Donald Trump’s cryptocurrency-friendly policy leads to a increase in entries institutional. Cryptocurrency market analysts believe that these inflows could drive the price of ETH towards $15,000 in the next 6 to 8 months.
New milestone
ETHA recorded inflows for 10 consecutive days, raising its net inflows above US$ 1.3 billion in this period. According to Farside data, total inflows into ETHA since inception have reached nearly $3.2 billion.
This surge in demand highlights the growing interest in Ethereum ETFs, which have collectively attracted more than US$ 2 billion in inflows since its launch. Additionally, ETHA also absorbed much of Grayscale’s ETHE fund outflows.
Individually, the second-best inflows to the market came from the Grayscale mini Ether ETF (ETH), which saw more than US$73 million in entries. On the other hand, FETH also witnessed strong inflows of almost US$1.4 billion from the beginning. Both funds could be the catalyst for further appreciation in the price of ETH.
The price of ETH reached the level of US$4,000 on Thursday (12). However, he continues to face rejection. At the time of publishing this text, the price of ETH registered a drop of 0.74% and is worth US$3,913.
Despite this, market analysts remain optimistic about Ethereum, expecting a significant appreciation in the medium term. In this sense, the ETH is ready to close another green weekly candleas long as its price remains above US$3,712according to prominent analyst VentureFounder.
The analyst’s long-term outlook puts ETH price to reach a high of $15,937 by May 2025. In the short term, VentureFounder suggests that the next green three-week candle could take the cryptocurrency to its previous all-time high of $4,900.
BlackRock’s Ethereum ETF Reaches $3 Billion Under Management; Will ETH rise?
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BlackRock’s Ethereum ETF Reaches $3 Billion Under Management; Will ETH rise?
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BlackRock’s Ethereum ETF Reaches $3 Billion Under Management; Will ETH rise?
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BlackRock’s Ethereum ETF Reaches $3 Billion Under Management; Will ETH rise?
