Ethereum

Arkham

BlackRock

The two biggest exchange-traded fund (ETF) issuers, BlackRock and Fidelity, bought over $500 million in Ether in the past two days.
According to Arkham Intelligence <a rel="noopener noreferrer nofollow" href="https://x.com/arkham/status/1866946017150767206" target="_blank">X’s post</a> on Dec. 12, BlackRock and Fidelity acquired more than half of a billion dollars in Ethereum (<a rel="noopener noreferrer nofollow" href="https://crypto.news/price/ethereum/">ETH</a>) in the past two days. This transaction was made through Coinbase Prime.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “PAST 48 HOURS: BLACKROCK AND FIDELITY BOUGHT OVER HALF A BILLION USD OF ETH,” <cite>Arkham mentioned on post</cite>
</blockquote>
It also shows that the two ETF issuers are taking more action in their portfolio by acquiring more Ether after receiving approval from the Securities and Exchange Commission (<a rel="noopener noreferrer nofollow" href="https://crypto.news/tag/sec/">SEC</a>) in May.
iShares Ethereum Trust ETF (ETHA) from BlackRock is the largest issuer, with a total inflow of up to $2.93 billion. Along with Fidelity, this crypto-product has received inflow up to 8 days in a row.
Fidelity Ethereum Fund (FETH) is the second-largest issuer, with a total inflow of up to $1.35 billion. The biggest inflow happens on Dec. 10 with $202 million.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/fidelity-spot-ethereum-etf-staking/"> Fidelity axes spot Ethereum ETF staking feature </a>
<h2 class="wp-block-heading" id="blackrock-move-on-ethereum">BlackRock move on Ethereum</h2>
Recently, BlackRock has been <a rel="noopener noreferrer nofollow" href="https://crypto.news/blackrock-seeks-to-launch-options-on-ethereum-etf/">planning</a> to start Ether ETF spot trading options by filling in the commission. ETHA, as the only ETF listed on the Nasdaq exchange, asked the regulator to allow these trading options.
This decision will likely be announced by the SEC in April 2025, while other expert says they also need any other regulators’ approval to launch spot trading options, including the Commodity Futures Trading Commission (<a rel="noopener noreferrer nofollow" href="https://crypto.news/tag/cftc/">CFTC</a>) and the Options Clearing Corporation (OCC).
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/blackrock-seeks-to-launch-options-on-ethereum-etf/"> BlackRock seeks to launch options on Ethereum ETFs. What does this mean for the market? </a>

BlackRock and Fidelity bought half of billion dollars in Ethereum

Table of Contents

crypto.news

Other articles published on Dec 11, 2024

Baby Doge Coin Pumps 23% After Elon Musk Tweet – New ATH Incoming?

Setting the Standard: How Hong Kong New Index Series is Transforming Crypto in Asia

Balancer V3 debuts with Aave, unveils boosted pools and advanced developer tools

Microsoft Shareholders Reject Bitcoin Proposal Citing Volatility and Strategic Mismatch

Nike Hasn’t Dumped NFTs – Here’s How It’s Pushing NFT Adoption

Chainlink News: LINK Eyes 30% Surge—Key Resistance at $27 in Focus

Join our free newsletter for daily crypto updates!