BlackRock Surpasses 1 Million ETH in ETF, Boosting Confidence in Ethereum

• BlackRock's Ethereum ETF surpasses 1 million ETH tokens.
• Institutional interest in Ethereum grows in 2024.
• BlackRock dominates cryptocurrency ETF market.

The Ethereum ETF (ETHA) launched by BlackRock, the world’s largest asset manager, has reached a significant milestone, surpassing the 1,025 million ETH tokens mark, with an estimated market value of over $4 billion. This advance reflect a notable increase in interest
of institutional investors for Ethereum, consolidating the ETF as one of the main products in the cryptocurrency market.

At the time of publication, the price of Ethereum was quoted at $3.885,53 with a drop of 1.2% in the last 24 hours.

According to data from BlackRock's official website, the ETHA ETF has seen a significant volume of net inflows in recent weeks, standing out as a leader among newly launched Ethereum ETF products. This movement comes at a time when Ethereum is struggling to overcome price resistance, while Bitcoin maintains historic levels above US$ 100 thousand.

BlackRock’s product is designed to track the price of Ether, offering investors a simplified way to gain exposure to the cryptocurrency without the need to directly manage digital wallets. This model has attracted institutions seeking portfolio diversification with exposure to digital assets.

Juan Leon, investment strategist at Bitwise Asset Management, recently highlighted Ethereum’s recovery. In a December 17 article, Leon noted that Ethereum ETFs have attracted around $2 billion in net inflows over the past 10 days, up from $250 million in the previous four months. According to Leon, this movement reflects renewed confidence in Ethereum, especially regarding its role in tokenizing real-world assets.

One driving force behind Ethereum's 2025 comeback will be the tokenization of real-world assets.

With a commanding 81% market share in tokenized assets, Ethereum is at the forefront of one of the fastest-growing trends in crypto right now. pic.twitter.com/DPmlzdE9Pi

— Bitwise (@BitwiseInvest) December 18, 2024

Furthermore, reports indicate that Ethereum ETFs saw over $144 million in inflows on December 17, with BlackRock accounting for a whopping 93% of that amount. The continued growth in net inflows suggests that the market sees significant potential in Ethereum for 2025, driven by regulatory advancements and new technological applications.

The performance of the ETHA ETF underscores the strength of the institutional market in the cryptocurrency sector, solidifying Ethereum as a strategic choice for large investors looking to capitalize on the growing digital asset ecosystem.