BlackRock and Fidelity Invest Heavily in Ether

Recent data indicates that the two largest exchange-traded fund (ETF) issuers, BlackRock and Fidelity, have acquired over $500 million in Ether (ETH) in the past 48 hours. This significant investment was made through Coinbase Prime.

This substantial purchase demonstrates the growing interest of these major ETF issuers in the Ethereum market. Following their approval from the Securities and Exchange Commission (SEC) in May, BlackRock and Fidelity have been actively expanding their portfolio by acquiring more Ether.

Investment Breakdown

The iShares Ethereum Trust ETF (ETHA) from BlackRock is currently the largest issuer, with a total inflow of up to $2.93 billion. Notably, this crypto-product has received inflows for eight consecutive days, with Fidelity also contributing to this growth.

The Fidelity Ethereum Fund (FETH) is the second-largest issuer, with a total inflow of up to $1.35 billion. The largest single-day inflow occurred on December 10, with $202 million invested.

PAST 48 HOURS: BLACKROCK AND FIDELITY BOUGHT OVER HALF A BILLION USD OF ETH

BlackRock’s Future Plans for Ether ETF

BlackRock has been planning to introduce Ether ETF spot trading options by filing a commission. The iShares Ethereum Trust ETF (ETHA), listed on the Nasdaq exchange, has requested regulatory approval for these trading options.

While a decision is expected from the SEC in April 2025, industry experts suggest that approval from other regulators, including the Commodity Futures Trading Commission (CFTC) and the Options Clearing Corporation (OCC), may also be necessary to launch spot trading options.

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