The two exchange traded fund (ETF) issuers, BlackRock and Fidelity, bought more than $500 million in Ether in the past two days.
According to Arkham Intelligence X post on December 12, BlackRock and Fidelity acquired more than half a billion dollars in Ethereum (ETH) in the last two days. This transaction was made through Coinbase Prime.
“Last 48 hours: BLACK AND LOYALTY bought over half a billion USD of ETH,”
Arkham mentioned in the post
It also shows that both ETF issuers are taking more action in their portfolio by acquiring more Ether after receiving approval from the Securities and Exchange Commission (SEC) in May.
BlackRock's iShares Ethereum Trust ETF (ETHA) is the largest issuer, with total inflows of up to $2.93 billion. Together with Fidelity, this crypto product has received inflows up to 8 days in a row.
Fidelity Ethereum Fund (FETH) is the second largest issuer, with a total inflow of up to $1.35 billion. The largest inflow occurs on December 10 with $202 million.
BlackRock's version of Ethereum
Recently, BlackRock has been planning to start Ether ETF spot trading options by filling the commission. ETHA, as the only ETF listed on the Nasdaq exchange, asked the regulator to allow these trading options.
This decision is likely to be announced by the SEC in April 2025, while another expert says that they also need the approval of any other regulators to launch spot trading options, including Commodity Futures Trading Commission.CFTC) and the Options Clearing Corporation (OCC).
