Latest news with #iSharesEthereumTrust
Yahoo
29-05-2025
- Business
- Yahoo
U.S. Spot Crypto ETFs Saw Strong Inflows on Wednesday, JPMorgan Says
U.S.-listed spot crypto exchange-traded funds (ETFs) saw strong net inflows Wednesday, with both ether ETH and bitcoin BTC products continuing to draw investor interest despite declines in underlying asset prices, investment bank JPMorgan (JPM) said. U.S. spot ether ETFs logged an estimated $84 million in net inflows on May 28, as investor interest held firm even with ether falling 1.3%, the bank said in a report published on Thursday. Leading the pack was BlackRock's iShares Ethereum Trust (ETHA), which brought in $52 million, followed by Fidelity's Ethereum Fund (FETH) with $26 million. Grayscale's mini ETH Trust and Invesco/Galaxy's QETH added $5 million and $2 million, respectively, the bank noted. Notably, ether ETFs recorded a notional trading volume of $459 million, well above their post-launch daily average of approximately $375 million since debuting in July 2024, the bank observed. Meanwhile, spot bitcoin ETFs brought in an estimated $431 million in net inflows, JPMorgan said, largely powered by BlackRock's iShares Bitcoin Trust (IBIT), which alone saw $479 million in new investment. The strong inflow was partially offset by redemptions from ARK 21Shares Bitcoin ETF (ARKB), the bank noted, which shed $34 million, and Fidelity's FBTC, which recorded $14 million in outflows. Despite bitcoin's 2.1% drop in price, total trading volumes remained elevated, clocking in at $3.5 billion, compared to the group's historical average of $2.8 billion per day since launching in January 2024, the report added. Investors are moving from gold to bitcoin ETFs, according to a Thursday report by Bloomberg. U.S. bitcoin ETFs have seen $9 billion in inflows over the last 5 weeks versus $2.8 billion in outflows for gold-backed funds.
Yahoo
09-05-2025
- Business
- Yahoo
Ethereum ETFs Jump Post 'Pectra' Network Upgrade
Spot Ethereum ETFs, including the iShares Ethereum Trust (ETHA), soared for a second day after upgrades at the second-largest cryptocurrency boosted optimism that it will compete better against other digital tokens, such as Solana, that are competing for market share. The $2.3 billion ETHA, the largest spot Ethereum ETF, jumped 8.4% as of midday Friday. That follows yesterday's 18.2% gain. Still, even with today's gain, the fund has dropped 43% since closing at $30.69, its highest price since spot Ethereum ETFs began trading in June. Ether, the token that trades on the Ethereum network, has gained 25% over the past 48 hours, according to CoinMarketCap, since implementation of the so-called Pectra upgrade. Among a host of improvements, the changes are intended to boost capacity, reduce stress and otherwise improve the system as other digital currencies gain in price. 'Ethereum is now focused on increasing transaction capacity and speed, which is likely to help it play 'catch up' to alternatives like Solana,' Luke Nolan, senior Ethereum research associate at London-based Coinshares, said in an email. 'This is a stark change from the 'slower' and more academic approach that Ethereum developers were taking previously.' While Ethereum ETF prices have jumped in the past few days, investors are largely staying on the sidelines and not putting new money into the largest funds trading the spot token. Since Friday, May 2, investors have pulled a net $1.7 million from ETHA and $12 million from the second-largest, the $2 billion Grayscale Ethereum Trust ETF (ETHE). The next-largest, the $867 million Grayscale Ethereum Mini Trust (ETH), had $12 million in inflows on May 2, while the $167.4 million Bitwise Ethereum ETF (ETHW) has had neither inflows or outflows over the period. Ethereum funds jumped in late April and pulled in a quarter of a billion dollars in new money on bets that the Securities and Exchange Commission will permit so-called staking—the cryptocurrency's validation mechanism that acts as a sort of yield device—in the ETFs. The token has still dropped 25% over the past year, lagging the 65% gain in Bitcoin. The name 'Pectra' is a combination of Prague, the location of the Devcon IV development conference, and Electra, a blue-white giant star in the constellation of Taurus, according to Permalink | © Copyright 2025 All rights reserved
Yahoo
09-05-2025
- Business
- Yahoo
Why the Ethereum Ecosystem Soared on Friday
Ethereum jumped more than 13% on Friday, outpacing Bitcoin and other major cryptocurrencies. Cryptocurrencies and funds in the surrounding Ethereum ecosystem followed suit, as expected. Coinbase launched 24/7 trading for Ethereum and Bitcoin futures, adding fresh momentum. 10 stocks we like better than Ethereum › The Ethereum (CRYPTO: ETH) cryptocurrency posted big gains on Friday, accompanied by similar price increases in the supporting ecosystem. As of 3:10 p.m. ET, the Ether coin was up by 13.4% in the last 24 hours. Wrapped Ethereum (CRYPTO: WETH) had also gained 13.4%, reflecting Ether's real-time price as expected. The reward-oriented Lido Staked Ether (CRYPTO: STETH) also rose 13.4% at the same time, once again mirroring the price and performance of the underlying Ether coin. The iShares Ethereum Trust (NASDAQ: ETHA) may be lower-priced, trading at $17.60 per share instead of $2,341 per coin, but it still follows Ether's every move. These tightly related investment vehicles had many reasons to rise. Let's take a look at the three most important price-boosters. The most obvious price booster was a general feeling of relief across the cryptocurrency market. The American economy showed faint signs of recovery today, based on trade talks between Washington and London. This foundation of economic optimism lifted many altcoins sharply higher, but provided less support for the big names. Bitcoin, for example, only posted a 1.5% gain over the same period. Ether and its Ethereum-based siblings had other growth drivers, though. The Ethereum blockchain got a long-awaited technology upgrade earlier this week. The Pectra upgrade is more than a quick bug-fixing release. As an important part of the Ethereum 2.0 redesign, Pectra boosted the Ethereum blockchain's security and introduced several new features that simplify the development of Ethereum-based applications. Furthermore, it raised the limit of the number of coins that can be staked in a single account -- making Ethereum easier to manage in large-scale investment accounts. That's still not all. The Coinbase Global cryptocurrency trading platform just introduced 24/7 trading of Bitcoin and Ethereum futures. It wasn't exactly news, since Coinbase announced this plan when it bought the cryptocurrency options exchange Deribit in March, but it's different when you finally see these bullish features in action. Non-stop futures trading could help stabilize the Ethereum and Bitcoin markets in the long run, especially since a large name like Coinbase is running the service. Ethereum has underperformed Bitcoin over the last year. Many crypto investors have abandoned this coin due to the rise of competing smart contract systems and a perceived lack of Ethereum innovation. Friday's Pectra upgrade could change that narrative, as long as the Ethereum developer community continues to deliver significant technical improvements. The platform is still seen as slower and less efficient than Solana or Avalanche, for instance. Time will tell how the blockchain-based programming market works out. Meanwhile, innovative bursts like the Pectra upgrade can remind investors that Ethereum is a serious cryptocurrency with a vibrant community. Whether you're investing directly in Ether coins, in interest-generating Staked Ether tokens, or the lower-priced iShares Ethereum ETF, the long list of planned upgrades should deliver some shareholder-friendly returns over the next couple of years. Before you buy stock in Ethereum, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Ethereum wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $617,181!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $719,371!* Now, it's worth noting Stock Advisor's total average return is 909% — a market-crushing outperformance compared to 163% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 5, 2025 Anders Bylund has positions in Bitcoin, Coinbase Global, Ethereum, Solana, and iShares Ethereum Trust-iShares Ethereum Trust ETF. The Motley Fool has positions in and recommends Avalanche, Bitcoin, Coinbase Global, Ethereum, and Solana. The Motley Fool has a disclosure policy. Why the Ethereum Ecosystem Soared on Friday was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
09-04-2025
- Business
- Yahoo
BlackRock Adds a New Digital Asset Custodian
BlackRock Inc. (BLK), the world's largest asset manager, has tapped Anchorage Digital as a digital asset custodian for the iShares Bitcoin Trust (IBIT) and the iShares Ethereum Trust (ETHA) to meet growing crypto demand from retail and institutional clients. Coinbase Global Inc. (COIN) was previously the only crypto custodian for BlackRock's Bitcoin and Ether exchange-traded funds. Anchorage Digital Bank will be an additional custodian eligible to support BlackRock's crypto exchange-traded products and other funds providing exposure to crypto, according to a press release issued by Anchorage on Tuesday. 'As demand for digital asset products increases, and as our footprint in the ecosystem grows, we continue to expand our network of service providers with a focus on the highest quality institutional providers,' Robert Mitchnick, head of digital assets at BlackRock, said in a statement included in the release. 'After a thorough evaluation, Anchorage Digital clearly meets these standards, and we are excited to be expanding our network of eligible digital asset service providers with the addition of Anchorage Digital.' However, BlackRock doesn't have current plans to move any Bitcoin or Ether from the trusts to Anchorage Digital, per two filings (see here and here) with the Securities and Exchange Commission. The addition of the second custodian reflects BlackRock's 'ongoing risk management approach' as part of the trusts' growing size and the fund manager's "expanding presence in the digital asset space.' 'As BlackRock continues to bridge digital assets and traditional finance, we are excited by the opportunity to set a new standard for tailored access to the digital asset class,' Nathan McCauley, CEO and co-founder of Anchorage Digital, said via the press release. 'By providing federally regulated crypto infrastructure, we are helping BlackRock to meet client demand for today and tomorrow. We are proud to build toward a world where every investor can get exposure to digital assets.' Anchorage's other major asset management clients include alternative asset manager Apollo and crypto ETP issuer 21Shares. IBIT launched in January 2024 and hit the $10 billion in assets milestone just seven weeks later, faster than any ETF before it. Surpassing the Grayscale Bitcoin Trust ETF (GBTC) as the world's largest bitcoin fund, the ETF of the Year finalist has accumulated roughly $45.1 billion in assets under management. ETHA, meanwhile, has around $1.8 billion in assets. Cryptocurrencies were caught up in recent market volatility, with the price of Bitcoin dropping around 18% year to date as of Wednesday morning and Ether plummeting 55%. Still, BlackRock seems to believe in the long-term potential of these digital assets. In February, when Bitcoin ETFs were experiencing record outflows, BlackRock added IBIT to two of its model | © Copyright 2025 All rights reserved Sign in to access your portfolio
Yahoo
22-03-2025
- Business
- Yahoo
Why 'Staking' Could Give Ethereum ETFs a Much-Needed Boost
Ethereum ETFs' struggles with outflows and price declines may be relieved if "staking," the cryptocurrency's validation mechanism which acts as a sort of yield device, were introduced, BlackRock Inc.'s (BLK) digital assets chief said this week. Ethereum spot exchange-traded funds have badly lagged their Bitcoin counterparts since being introduced in June, six months after spot Bitcoin ETFs began trading. The two largest, the Grayscale Ethereum Trust ETF (ETHE) and the iShares Ethereum Trust (ETHA), both with about $2.5 billion in assets, have plummeted 43% over the past three months while the largest spot Bitcoin fund, the iShares Bitcoin Trust (IBIT) has dropped 13%. Ethereum ETF investors' inability to earn a staking yield may be contributing to their outflows and falling prices, BlackRock's Robert Mitchnick said at the Digital Asset Summit on March 20 in New York, according to CNBC. Staking offers participants rewards in exchange for locking up their crypto for a period, and permitting that in the Ethereum ETF would stoke investor interest, he said. 'There's no question it's less perfect for ETH today without staking,' CNBC reported Mitchnick as saying. 'A staking yield is a meaningful part of how you can generate investment return in this space, and all the [ether] ETFs at launch did not have staking.' Mitchnick's comments come as efforts are underway to persuade the Securities and Exchange Commission to permit staking in Ethereum ETFs. Bitwise Asset Management and the New York Stock Exchange this week sought a rule change that would permit the Bitwise Ethereum Trust (ETHW) to offer staking rewards. Bitwise, which also manages the Bitwise Bitcoin ETF (BITB) among other crypto ETFs, in November bought London-based crypto firm Attestant to add staking services to its asset management services. Approximately $527 million has been pulled from the two biggest Ethereum ETFs over the past month. Source: data With around $7 billion in eight funds, Ethereum ETFs are dwarfed by the approximately $95 billion, according to Bloomberg, in the dozen or so spot Bitcoin ETFs. Bitcoin and Ethereum are the only cryptocurrencies permitted in spot ETFs, while other digital assets trade in futures | © Copyright 2025 All rights reserved
