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The two largest ETF issuers, BlackRock and Fidelity, have purchased over $500 million worth of Ethereum in the past two days.
According to Arkham Intelligence Share X On December 12, BlackRock and Fidelity acquired more than half a billion dollars in Ethereum (Ethereum) in the past two days. This transaction was made through Coinbase Prime.
“In the last 48 hours: BlackRock and Fidelity bought over half a billion USD worth of Ethereum.”
Arkham was mentioned in the post
It also shows that ETF issuers are taking more action in their portfolio by acquiring more ether after receiving approval from the SEC (second) in May.
BlackRock’s iShares Ethereum Trust ETF (ETHA) is the largest issuer, with a total inflow of $2.93 billion. Together with Fidelity, this cryptocurrency product received inflows for 8 consecutive days.
The Fidelity Ethereum Fund (FETH) is the second largest issuer, with a total inflow of $1.35 billion. The largest influx occurs on December 10 at $202 million.
BlackRock’s move on Ethereum
Recently, it was BlackRock planning To start spot trading Ether ETF options by filling the commission. ETHA, as the only ETF listed on the Nasdaq, has asked the regulator to allow these trading options.
The SEC will likely announce this decision in April 2025, while another expert says they will also need approval from any other regulators to launch spot trading options, including the Commodity Futures Trading Commission (That’s enough for you) and Options Clearing Corporation (OCC).
