Ethereum ETFs exceed $1 billion in net inflows amid rising institutional interest

Ethereum ETFs achieve $1 billion milestone: Ethereum ETFs have surpassed 1 billion USD in cumulative net inflows, signaling rising institutional interest. On December 5, 2024, they recorded 434.6 million USD in a single day, highlighting Ethereum’s growing acceptance in financial markets.

BlackRock’s influence on ETH growth: BlackRock’s Ethereum ETF (ETHA) contributed significantly by adding 257,300 ETH, valued at 946.6 million USD. Their total Ethereum holdings now exceed 3.27 billion USD, showcasing confidence and commitment to Ethereum amid regulatory challenges.