BlackRock, the world's largest hedge fund, has reportedly purchased 336,058 ETH, worth $763.95 million. This comes at a challenging time for Ethereum ETFs, as they have experienced significant outflows since their debut, with nearly $480 million leaving within the first 30 days of trading. Ethereum itself has also been struggling, losing 0.54% of its value this year compared to the gains of Bitcoin and Solana. Analysts attribute the ETF performance to factors such as the unlocking of Grayscale's Ethereum Trust, but remain cautiously optimistic about the future outlook for Ethereum ETFs once the unlocking concludes.
- Content Editor ( u.today )
- 2024-09-08
BlackRock Remains Only Ethereum Buyer Among ETFs