What to know:
- Ether, the cryptocurrency that’s always been a bit of a rebel, rose nearly 6% on Wednesday, outperforming bitcoin, XRP, and solana. It’s like the cool kid at school who suddenly becomes the prom queen, and everyone’s talking about it. 🌟
- More than 43 million shares of ETHA, BlackRock’s spot ether ETF, were traded on Wednesday. That’s a record, folks! It’s like the ETF had its own red carpet event, and everyone was invited. 🎉
- The ETF has been a magnet for investor money, collecting over $1.2 billion since June. It’s like a piggy bank that just keeps getting bigger and bigger, and no one can resist putting in their spare change. 💰
Ethereum‘s native token, ether, rose nearly 6% on Wednesday, outperforming bitcoin, XRP, and solana’s SOL, as expected. The outperformance saw record trading activity in BlackRock’s spot ether exchange-traded fund (ETF), ETHA, listed on Nasdaq. It’s like the ETF decided to have a mid-week party, and everyone was invited. 🎉
More than 43 million shares of ETHA changed hands on Wednesday, the highest single-day tally since the fund’s debut a year ago, nearly doubling from the previous day’s total of 24 million, according to data source Yahoo Finance. It’s like the ETF had a sudden growth spurt and everyone was there to witness it. 🚀
Daily volumes have been rising for over a month, as evidenced by the 30-day average, which has climbed to a record 18.83 million from 12.97 million in early June, according to data source TradingView. It’s like the ETF has been on a steady diet of success, and it’s showing. 💪
The ETF has also seen a brisk inflow of investor money, pointing to a bullish market sentiment for the second-largest cryptocurrency by market value. The ETF has collected over $1.20 billion in investor money since June, with the net inflows totaling $159 million on Tuesday, the biggest single-day tally since June 11, according to data source SoSoValue. It’s like the ETF has become the new It-Girl of the cryptoverse, and everyone wants a piece of the action. 🌟
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2025-07-10 11:08