BlackRock’s Ethereum ETF: The $5 Billion Party While IBIT Sips on Tears

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Ah, the illustrious BlackRock Ethereum ETF, a veritable fountain of wealth, has been gushing forth like a well-trained fountain pen, registering nine consecutive days of inflows! Approaching the $5 billion milestone, it seems to be the belle of the ball, while the poor IBIT is left nursing its wounds in the corner. 💸

According to the official scrolls of the internet, the net assets under management of the BlackRock iShares Ethereum Trust (ETHA) stand at a princely $3.7 billion, holding more than 1.5 million ETH coins. Meanwhile, the ETHA share price has surged more than 40% over the past month, as if it were a contestant on a reality show, vying for the title of “Most Popular Asset.” 📈

Our dear ETF Store President, Nate Geraci, has proclaimed that spot Ethereum exchange-traded funds (ETFs) have recorded inflows for 14 consecutive trading days—an impressive feat, indeed! This marks the longest streak of 2025 so far, attracting over $800 million in new capital. Institutional confidence? More like institutional infatuation! 💖

Spot ether ETFs now w/ 14 straight trading days of inflows…

Longest streak of 2025.

Over $800mil in new $$$.

“With traditional finance accelerating its move into tokenization, many view Ethereum as the most secure and reliable chain to build on.”

via @sidcoins

— Nate Geraci (@NateGeraci) June 6, 2025

These inflows are not just a mere trickle; they are a deluge! Ethereum is becoming the darling of tokenization in traditional finance, with its robust security and reliability. The steady inflows highlight Ethereum’s pivotal role as a foundation for blockchain-based financial solutions, as if it were the chosen one in a grand epic. 🏆

BlackRock Ethereum ETF Inflows Surge While IBIT Bleeds

Market analysts, those modern-day oracles, are predicting a strong capital rotation from BlackRock Bitcoin ETF (IBIT) to its Ethereum counterpart (ETHA). The latter has seen major outflows over the last week, while BlackRock’s ETHA ETF alone pulled in a staggering $34.7 million on the same day that Bitcoin ETFs faced a dismal $278 million in outflows. Talk about a dramatic exit! 🎭

Interestingly, these inflows have occurred despite the ETH price experiencing downward selling pressure, correcting nearly 6% over the past two weeks. It’s as if the financial players are saying, “We believe in you, ETH! You can do it!” with all the enthusiasm of a coach at a high school football game. 🏈

Eirc Jackson, the founder of New York-based EMJ Capital, has declared that his favorite bet in the crypto space is none other than Ethereum, through BlackRock’s ETHA. He even hinted that staking on spot Ethereum ETFs will soon become a reality. “The buyers of ETHA might quintuple,” he added, as if he were predicting the next big blockbuster hit. 🎬

He further mused, “I’m not saying that there will be similar institutional demand for ETHA as IBIT, but it could be close; if that’s true, then there will be a flood of new money buying ETH.” A flood, you say? Someone better call the lifeguards! 🌊

In a recent twist of fate, the Ethereum Foundation revealed its Treasury policy, announcing a cash runway of 2.5 years. They also stated that they would cut down their annual spending of ETH from 15% currently to a mere 5%. A prudent move, indeed! 💰

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2025-06-07 20:12