Latest news with #iSharesEthereumTrust
Crypto Insight
02-08-2025
- Business
- Crypto Insight
Spot Ether ETFs clock $5.4B monthly inflow record amid 20-day streak
United States Spot Ether exchange-traded funds (ETFs) hit a new milestone in July, recording $5.43 billion in net inflows, their highest monthly total since launch, according to ETF tracker SoSoValue. July's performance represented a 369% increase over June's total net inflow of $1.16 billion, showing a significant surge in investor interest. It also eclipsed previous months like May's $564 million, April's $66.25 million and overturned March's outflow record of $403 million. The latest figures brought total cumulative net inflows for Ether ETFs to $9.64 billion, a 129% increase over June's total. Total net assets across all spot Ether ETFs rose to $21.52 billion, up 108% from $10.32 billion a month earlier. The new record placed spot ETH ETF performances near their Bitcoin counterparts, which recorded a monthly net inflow of $6.02 billion, a 30% increase compared to spot Bitcoin ETFs' record of $4.6 billion in June. Spot Ether ETFs extend inflow streak to 20 days Trading activity also intensified in July along with the surge in inflows. SoSoValue data showed that monthly trading volumes in July soared to $33.87 billion, up 236% from June's $10.08 billion, indicating heightened market participation and liquidity. Spot Ether ETFs also recorded 20 consecutive days of net inflows through the end of the month, with the last outflow occurring on July 2. BlackRock's iShares Ethereum Trust (ETHA) still dominated the charts with a total of $9.74 billion in cumulative net inflows. The fund now has net assets of $11.37 billion. The surge in spot ETF inflows coincided with the recent ETH July rally. During the month, the crypto asset rallied to a high of $3,933, according to CoinGecko. This marked a nearly 60% increase over its June 30 price of $2,469. Ethereum surge causes NFT revival Apart from ETFs, the Ether surge also influenced the non-fungible token sector. In July, NFTs recorded a monthly sales volume of $574 million, the sector's second-highest month in 2025. CryptoSlam data showed that the record marked a 47.6% increase over June's $388 million but still trailed January's sales record of $678 million. In addition, the ETH surge also increased the value of NFT collections on Ethereum. In July, the top 10 digital collectibles by market capitalization were Ethereum-based collections. Source:
Yahoo
24-07-2025
- Business
- Yahoo
Three reasons why Ethereum's rally is just getting started, says Bernstein
Slowly, then all at once. Ethereum, which has dragged during the latest crypto rally, is finally heating up as institutional investors take a second look at the number two cryptocurrency. The reasons are myriad, but landmark stablecoin legislation is chief among the key engines powering the cryptocurrency's recent price action, say analysts. The second-biggest cryptocurrency surged 26% last week as US President Donald Trump signed the Genius Act, which legalises stablecoins in the US, into law. With Ethereum making almost 50% of the $261 billion stablecoin market, analysts say the new law will kickstart a boom, with rising demand for Ethereum on Wall Street. 'Banks, payment players, and fintechs would continue buying operational [Ethereum] to pay transaction fees for deploying stablecoins and tokenised assets on the blockchain,' Bernstein analysts wrote in a Monday report. But that's just one piece of a much larger pie for Ethereum. The cryptocurrency has also been enjoying a wave of accumulation by public companies that are adding Ethereum to their corporate reserves. Firms like Sharplink Gaming and Bitmine are racing to become the biggest corporate Ethereum holders, in a move similar to Strategy's policy of buying millions of dollars of Bitcoin for its balance sheet. Institutional investors are also piling into Ethereum exchange-traded funds. Though Ethereum ETFs have trailed their Bitcoin counterparts in terms of volume, they attracted higher daily investment than Bitcoin ETFs for the first time on July 17. Analysts predict that more investment will flow into Ethereum ETFs once the Securities and Exchange Commission allows staked funds, which are yield-bearing ETFs that offer investors exposure to Ethereum's staking market. BlackRock, the $12 trillion asset manager, filed last week to add staking to its $8.9 billion iShares Ethereum Trust. 'A yield-bearing ETF of an appreciating asset might turn out to be the next big asset management success for the digital assets industry, attracting even more investment flows,' according to Bernstein analysts. Analysts are now forecasting even more optimistic price targets for the number two cryptocurrency. That leaves one question on traders' minds: how high can Ethereum go? Mateusz Kara, CEO of Ari, a crypto payment company, said Ethereum going to $7,000 'no longer seems unrealistic.' Others even have higher price targets, as Theodorum noted that some analysts expect Ethereum's price to reach as high as $15,000 this year. 'Ethereum is having its time in the sun,' Mena Theodorum, co-founder of Coinstash, a crypto exchange, shared with DL News. Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. Got a tip? Please contact him at osato@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-07-2025
- Business
- Yahoo
Why the SEC Delayed In-Kind Redemptions for Crypto ETFs
The SEC has hit pause on allowing in-kind redemptions for crypto ETFs — for now, at least. Crypto issuers like BlackRock, VanEck, Fidelity and WisdomTree have sought to let investors redeem their shares for underlying crypto assets directly (in this case, Bitcoin or Ether), but have all been delayed. In-kind redemptions let funds trade underlying assets for new ones, as opposed to in-cash redemptions, which require the assets to be sold for cash. Still, experts said approval is probably inevitable, with the move set to elevate crypto strategies' efficiency by allowing a mechanism that has only been available for traditional ETFs up until now. Approval would also mark the latest step for crypto ETFs toward becoming like their traditional counterparts. 'The cash is just an extra step that typically doesn't happen with other ETFs,' said Roxanna Islam, head of sector and industry research at VettaFi. READ ALSO: Gimme an S&P 500 ETF, Hold the Dividends and ETF Wave Hasn't Crested Yet, Tidal Co-Founder Says Road to Redemption The SEC has approved a slew of spot Bitcoin ETFs in the roughly 18 months they've been around, and now the agency is flooded with proposals from fund managers seeking to offer in-kind redemptions. The strategy is the preferred mechanism for traditional ETFs because it's less clunky and more tax efficient, but currently, institutional investors are required to sell crypto ETF shares for cash. In-kind redemption approval is set to simplify the process, said Islam. The move will therefore benefit institutional investors more than retail, she added, but will still benefit the latter 'in the long run,' by creating more market efficiency across the board. Some funds that have applied to offer in-kind redemptions include: BlackRock, which filed to permit in-kind redemptions for its iShares Ethereum Trust (ETHA) and had its decision delayed earlier this month. Fidelity, which asked for in-kind redemptions for both the Fidelity Wise Origin Bitcoin Fund (FBTC) and the Fidelity Ethereum Fund (FETH) and had its decision postponed in May. VanEck, which requested in-kind redemptions for its spot Bitcoin ETF, VanEck Bitcoin ETF (HODL), and had its verdict pushed back in April. What's the HODL-Up? So why has the SEC delayed greenlighting in-kind structures for digital assets? One reason is because the agency tends to exercise extra caution around crypto-related decisions in general, Islam said. Another might be that regulators need more information on how they can 'protect against fraud and manipulation,' said Morningstar analyst Bryan Armour. 'My guess is they need more time to process the information and work with exchanges to shore up any remaining concerns.' This post first appeared on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter. Sign in to access your portfolio
Yahoo
18-07-2025
- Business
- Yahoo
BlackRock Seeks Staking Option for iShares Ethereum Trust in New Filing
BlackRock is looking to add staking to its iShares Ethereum Trust (ETHA), a move that would allow the fund to earn rewards by validating transactions on the Ethereum network. Nasdaq, which lists the fund, submitted the amended 19b-4 filing on Thursday. The update signals that BlackRock is aiming to go beyond simple ether (ETH) exposure and participate in Ethereum's proof-of-stake consensus system. If approved, the ETF could stake a portion of its ETH holdings through one or more trusted providers to generate additional yield. Ether staking involves locking up tokens to help secure the network in exchange for regular payouts. Several asset managers, including Franklin Templeton and Grayscale, have also proposed staking features in their Ethereum ETF filings. The SEC delayed its first deadline to make a decision on those proposals. U.S. regulators have yet to definitively decide whether staking services offered through an ETF would qualify as securities activity. But the inclusion of staking in the BlackRock filing reflects growing confidence that staking could eventually be part of crypto ETFs. The SEC is widely expected to greenlight a further wave of spot crypto ETFs this year after approving similar bitcoin and ether products last year. ETHA is currently trading at $25.42 a share and has attracted over $7.2 billion in assets since its launch in June of last year.
CNBC
02-07-2025
- Business
- CNBC
Ether and related stocks gain amid the latest crypto craze: Tokenization
Stocks tied to the price of ether, better known as ETH, were higher on Wednesday, reflecting renewed enthusiasm for the crypto asset amid a surge of interest in stablecoins and tokenization. BitMine Immersion Technologies, a bitcoin miner that announced plans this week to make ETH its primary treasury reserve asset, jumped about 20%. It's gained more than 1,000% since the announcement. Betting platform SharpLink Gaming, which has also initiated an ETH treasury strategy, added more than 11%. Bit Digital, which last week exited bitcoin mining to focus on its ETH treasury and staking plans, jumped more than 6%. "We're finally at the point where real use cases are emerging, and stablecoins have been the first version of that at scale but they're going to open the door to a much bigger story around tokenizing other assets and using digital assets in new ways," Devin Ryan, head of financial technology research at Citizens. On Tuesday, as bitcoin ETFs snapped a 15-day streak of inflows, ether ETFs saw $40 million in inflows led by BlackRock's iShares Ethereum Trust. ETH ETFs came back to life in June after much concern that they were becoming zombie funds. The price of the coin itself was last higher by 5%, according to Coin Metrics, though it's still down 24% this year. Ethereum has been struggling with an identity crisis fueled by uncertainty about the network's value proposition, weaker revenue since its last big technical upgrade and increasing competition from Solana. Market volatility, driven by geopolitical uncertainty this year, has not helped. The Ethereum network's smart contracts capability makes it a prominent platform the tokenization of traditional assets, which includes U.S. dollar-pegged stablecoins. Fundstrat's Tom Lee this week called Ethereum "the backbone and architecture" of stablecoins. Both Tether (USDT) and Circle's USD Coin (USDC) are issued on the network. BlackRock's tokenized money market fund (known as BUIDL, which stands for USD Institutional Digital Liquidity Fund) launched on Ethereum last year before expanding to other blockchain networks. Tokenization is the process of issuing digital representations on a blockchain network of publicly traded securities, real world assets or any other form of value. Holders of tokenized assets don't have outright ownership of the assets themselves. The latest wave of interest in ETH-related assets follows an announcement by Robinhood this week that it will enable trading of tokenized U.S. stocks and ETFs across Europe, after a groundswell of interest in stablecoins throughout June following Circle's IPO and the Senate passage of its proposed stablecoin bill, the GENIUS Act. Ether, which turns 10 years old at the end of July, is sitting about 75% off its all-time high.
