Big Investors Double Down on Ethereum as Fidelity and BlackRock Boost ETF Holdings
Institutional interest in Ethereum continues to gain momentum, with major asset managers like Fidelity and BlackRock ramping up their exposure through spot ETFs.
Fidelity’s Ethereum ETF (ticker: FETH) recorded a $25.7 million inflow on June 30, bringing in more than 10,000 ETHjust days after a $28.9 million injection. The fund has now seen total net inflows climb to $1.69 billion, reflecting growing demand from large investors.
Not far behind, BlackRock added another $6.1 million to its Ethereum ETF (ETHA), capping a two-day spree totaling $54 million. Since launching, BlackRock’s fund has attracted an impressive $5.52 billion, leading all Ethereum ETF issuers in total inflows.
Institutional Confidence Grows as Spot ETFs Gain Traction
Analysts say the aggressive accumulation by these financial giants signals rising institutional confidence in Ethereum’s long-term value. The growing popularity of spot ETFs is also helping bridge the gap between traditional finance and the crypto market, making it easier for large investors to gain regulated exposure to digital assets.
“Ethereum ETFs are starting to look like a core holding in institutional portfolios,” one analyst noted, pointing to the rapid pace of inflows.
With the SEC’s recent green light for Ethereum ETFs and a renewed push for regulatory clarity in digital assets, many believe this could be just the beginning of a broader shift toward mainstream crypto adoption.
Featured image from: beincrypto.com