{"id":19453,"date":"2024-12-12T10:03:46","date_gmt":"2024-12-12T08:03:46","guid":{"rendered":"https:\/\/forklog.com\/en\/blackrock-and-fidelity-acquire-500-million-in-ethereum-for-etfs-over-two-days\/"},"modified":"2024-12-12T10:03:46","modified_gmt":"2024-12-12T08:03:46","slug":"blackrock-and-fidelity-acquire-500-million-in-ethereum-for-etfs-over-two-days","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/blackrock-and-fidelity-acquire-500-million-in-ethereum-for-etfs-over-two-days\/","title":{"rendered":"BlackRock and Fidelity Acquire $500 Million in Ethereum for ETFs Over Two Days"},"content":{"rendered":"<p>BlackRock&#8217;s iShares Ethereum Trust (ETHA) and Fidelity Ethereum Fund (FETH) purchased $500 million worth of Ethereum between December 10 and 11, according to data from Arkham.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">PAST 48 HOURS: BLACKROCK AND FIDELITY BOUGHT OVER HALF A BILLION USD OF ETH <a href=\"https:\/\/t.co\/44N5mRAT5O\">pic.twitter.com\/44N5mRAT5O<\/a><\/p>\n<p>\u2014 Arkham (@arkham) <a href=\"https:\/\/twitter.com\/arkham\/status\/1866946017150767206?ref_src=twsrc%5Etfw\">December 11, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>BlackRock and Fidelity acquired the coins through Coinbase and its Prime platform.<\/p>\n<p>Since the <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-spot-etfs-debut-with-1-billion-trading-volume\">launch<\/a> of ETHA, it has attracted $2.99 billion, including $74.16 million on December 11, while FETH has accumulated $1.35 billion ($0 on the same day).<\/p>\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"247501\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1358.webp\" alt=\"1-1358\" class=\"wp-image-247501\"\/><figcaption class=\"wp-element-caption\">ETHA inflow dynamics. Data: SoSoValue.<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"247502\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-976.webp\" alt=\"2-976\" class=\"wp-image-247502\"\/><figcaption class=\"wp-element-caption\">FETH inflow dynamics. Data: SoSoValue.<\/figcaption><\/figure>\n<\/figure>\n<p>Overall, the sector saw inflows of $1.97 billion. This figure was influenced by a $3 billion outflow from Grayscale&#8217;s ETHE. The total <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span> reached $13.18 billion.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/3-545.webp\" alt=\"3-545\" class=\"wp-image-247503\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>The positive inflow trend continued for the 13th consecutive day.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/4-342.webp\" alt=\"4-342\" class=\"wp-image-247504\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>At the time of writing, Ethereum is trading at $3930, with a <a href=\"https:\/\/www.coingecko.com\/\">6.7% increase<\/a> over the past 24 hours.<\/p>\n<p>Experts have noted signals of Ethereum potentially reaching new highs soon, citing ETF inflows as one of the indicators.<\/p>\n<p>In early December, CoinDesk analyst Omkar Godbole highlighted the formation of a bullish pattern on the asset&#8217;s chart, similar to one that preceded Bitcoin&#8217;s rally in November. On December 6, Ethereum&#8217;s price exceeded $4000 for the first time since March.<\/p>\n<p>Previously, an analyst known as VentureFounder identified a &#8220;cup and handle&#8221; pattern in Ethereum, suggesting a rise to $7200 within four months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock&#8217;s iShares Ethereum Trust (ETHA) and Fidelity Ethereum Fund (FETH) purchased $500 million worth of Ethereum between December 10 and 11, according to data from Arkham. PAST 48 HOURS: BLACKROCK AND FIDELITY BOUGHT OVER HALF A BILLION USD OF ETH pic.twitter.com\/44N5mRAT5O \u2014 Arkham (@arkham) December 11, 2024 BlackRock and Fidelity acquired the coins through Coinbase [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[865,569,46,1248,1145],"class_list":["post-19453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blackrock","tag-etf","tag-ethereum","tag-fidelity-investments","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19453"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19452"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}