BlackRock ETF Nabs $4 Billion for a Crypto Trade Beating Bitcoin
BlackRock's iShares Ethereum Trust ETF (ETHA) signage outside the Nasdaq MarketSite in New York.
Photographer: Victor J. Blue/BloombergA once-listless corner of the ETF world just got a $4 billion endorsement.
After years in the shadow of Bitcoin, Ether – a cryptocurrency tied to the Ethereum blockchain — is suddenly on a tear as both retail and institutional traders pile into digital assets. A key beneficiary is iShares Ethereum Trust ETF, a fund that’s on track to post the fifth-largest inflow this month among the more than 4,000 ETFs trading in the US. It’s a remarkable feat for a product that launched just a year ago, underscoring crypto’s momentum.