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The total value of Ethereum held by U.S. spot Ethereum ETFs has reached a new all-time high, with BlackRock leading the pack. This marks a significant milestone in the cryptocurrency investment landscape, highlighting growing institutional interest in Ethereum.

U.S. Spot Ethereum ETFs: AUM Hits New High

According to recent on-chain data, U.S. spot Ethereum ETFs now hold a combined 3.91 million ETH, valued at approximately $10.56 billion. This surge in assets under management (AUM) reflects steady net inflows in recent weeks, underlining increased investor confidence in Ethereum as an investment vehicle.

Over the past 19 days alone, these funds have attracted over $1.37 billion in net inflows, accounting for approximately 35% of their total since inception. While there was a minor $2.1 million outflow on June 13, the overall trend remains upward, signaling robust demand.

BlackRock Leads the Ethereum ETF Market

BlackRock’s ETHA is the dominant player in the U.S. spot Ethereum ETF market, holding 41% of the total AUM. With 1.58 million ETH valued at $4.1 billion, BlackRock’s position reflects consistent positive performance and strong investor trust in its products. Grayscale’s ETHE follows with 29.5% market share, while Grayscale Mini’s ETH and Fidelity’s FETH hold 12.8% and 12%, respectively.

BlackRock’s success in the Ethereum ETF space mirrors its achievements with its Bitcoin ETF, IBIT, which recently became the fastest exchange-traded fund to surpass $70 billion in AUM. This highlights BlackRock’s ability to attract institutional and retail investors alike, solidifying its leadership in the crypto ETF sector.

Recent Ethereum Acquisitions Fuel Growth

In addition to strong inflows, BlackRock has been actively acquiring Ethereum. Recent data from analytics firm Arkham Intelligence revealed a $50 million ETH purchase by the asset manager, further boosting its holdings and influence in the market.

Ethereum Price Trends Amid ETF Growth

Despite the positive developments in the ETF space, Ethereum’s price has been on a downward trajectory. Over the past 24 hours, ETH has declined by approximately 3%, trading just above $2,500. The token is down 11% from its monthly high of $2,869 and has dropped roughly 8% over the past seven days.

While short-term price fluctuations persist, the growing institutional interest in Ethereum ETFs signals a long-term bullish outlook for the cryptocurrency. Investors should remain informed and consider the broader market dynamics when making investment decisions.

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