Finance/Investments
BlackRock's Ether ETF Achieves Unprecedented Trading Volume of 43 Million Amid Significant Inflows
The exchange-traded fund has attracted considerable investor interest, gathering over $1 billion since June, reflecting a positive outlook for ether in the market.
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Key Highlights:
- Ether surged approximately 6% on Wednesday, outperforming Bitcoin, XRP, and Solana, amid record trading in BlackRock’s Ether ETF.
- Over 43 million shares of the ETF, named ETHA, were traded on Wednesday, achieving the highest single-day volume since its launch.
- The ETF has collected over $1.2 billion since June, showcasing a bullish outlook for ether in the investment community.
Ethereum’s native token, ETH, rose about 6% on Wednesday, showing strong performance against BTC and others like XRP and SOL. The trading volumes have been on the rise, reaching an average of 18.83 million, up from 12.97 million in early June, indicating robust activity and interest in the market.
