BlackRock's Ethereum Fund ETHA has invested tens of millions of dollars! Holds more than 3,000 Ethereum coins

This site (120btC.coM): The Ethereum spot ETF will be publicly listed tonight. Asset management giant BlackRock’s Ethereum fund ETHA has invested tens of millions of dollars and holds 3,030 ether coins.

BlackRock emphasizes the utility of Ethereum

As the Ethereum spot ETF is about to be listed today, Jay Jacobs, BlackRock’s US head of thematic and active ETFs, also recorded an introduction to Ethereum on BlackRock’s website In the video of spot ETF (he was also the one who introduced the Bitcoin spot ETF when it was launched), he mentioned: The main attraction of Bitcoin is its scarcity, while the attraction of Ethereum is its practicality.

Ethereum is a highly programmable blockchain that provides infrastructure for a variety of assets and use cases. Ethereum can be considered a global application platform that enables applications called smart contracts to operate without a centralized intermediary. Transactions on Ethereum require transaction fees to be paid in the network’s native token, Ethereum (ETH). Investor interest in Ethereum continues to expand as more people adopt the digital asset.

This is why BlackRock launched ETHA (iShares Ethereum Trust ETF), which provides investors with convenient Ethereum investment opportunities. ETHA enables investors to deposit and withdraw Ethereum’s native token, Ethereum, from traditional brokerage accounts. and help eliminate the operational burdens associated with directly holding Ethereum, as well as the potentially high transaction costs and tax reporting complexities. ETHA is managed by BlackRock, the world's largest asset management company, and integrated with years of technology developed by Coinbase Prime, the world's largest institutional digital asset custodian, to give investors the best investment opportunities.

ETHA’s tens of millions of funds have entered the market

According to data from BlackRock’s official website, the net asset value of its Ethereum spot ETF (ETHA) as of July 22 was US$10.56 million, holding approximately 3,030 ETH.

Seven Ethereum spot ETFs have been confirmed to be listed on 7/23

Including Franklin, VanEck, Bitwise, 21Shares, Fidelity, BlackRock’s iShares, Invesco, etc. Seven Ethereum spot ETFs have obtained approval from the U.S. Securities and Exchange Commission (SEC) yesterday, and the Ethereum spot ETFs will be officially listed at the opening of U.S. stocks today! While Grayscale ETHE/ETH is still waiting, Bloomberg ETF analyst James Seyffart believes that it still has a chance to obtain approval in the early morning of the listing.

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