Search results for ETHB
Crypto
BlackRock buys $1.57 billion of ETH, holdings near $8.7 billion
BlackRock has recently bought about $1.57 billion worth of ether over the past 20 days through its spot exchange-traded funds, according to a blockchain media report. Arkham Intelligence data showed most purchases came via iShares Ethereum Trust ETF (ETHA), which bought about $1.27 billion worth of ether, while iShares Staking Ethereum Trust ETF (ETHB) saw about $296.5 million in inflows. BlackRock’s ether holdings rose to about 3.56 million ETH, valued at about $8.69 billion.
Crypto
Why is BlackRock ignoring XRP? Experts say it will eventually change course
BlackRock is focusing on bitcoin and ether rather than entering the spot XRP exchange-traded fund market, a move some in the industry say could be read as a market call that other cryptocurrencies lack sufficient investment value. Nate Geraci, president of The ETF Store, called the strategy risky but said he still expects BlackRock to expand its lineup of spot crypto ETFs. Data showed large outflows from Coinbase Prime into wallets linked to BlackRock’s IBIT, ETHA and ETHB products.
Crypto
Fidelity seeks to add staking to Ethereum spot ETF FETH
Asset manager Fidelity has filed documents with the U.S. Securities and Exchange Commission to add staking to its Ethereum spot exchange-traded fund, FETH. The filing outlines a structure to generate staking rewards using the Ethereum held by the fund, with up to 100% eligible for staking excluding amounts needed for redemptions, costs and liquidity. Fidelity said 85% of rewards would go to FETH and 15% to staking fees, and it plans quarterly cash distributions without guaranteeing payments.
