BlackRock Ethereum ETF Reaches $3,5 Billion

• BlackRock ETF accumulates US$ 3,5 billion in ETH.
• Ethereum could reach new highs in 2025.
• Altcoins like Remittix are gaining prominence in emerging markets.

BlackRock's Ethereum exchange-traded fund (ETF) has reached a notable milestone by accumulate more than 1,065 million ETH, totaling a market value of over $3,5 billion. The update was officially announced by the company and represents a significant step forward in the institutional adoption of Ethereum.

At the time of publication, the price of Ethereum was quoted at US$3.357,00, up 0.7% in the last 24 hours.

Since its launch, BlackRock’s iShares Ethereum Trust ETF has attracted considerable interest from institutional investors. Last month alone, the ETF saw an impressive $1,5 billion in inflows, indicating a strong appetite for digital assets even at a time of overall volatility in the cryptocurrency market. The steady increase in holdings also reflects growing confidence in the long-term prospects of Ethereum as a Blockchain technology.

With Ethereum currently trading below $3.400, experts believe that the recent surge in investment inflows could trigger a significant rally in early 2025. The market has been speculating that the cryptocurrency could surpass its yearly high of $4.093 and even challenge its all-time high of $4.800, reached in 2021.

Furthermore, institutional support for Ethereum is also being reinforced by other market indicators. Recent data points to an increase in staking deposits, with over 59.000 ETH sent for validation on the network, while around 130.000 ETH was withdrawn from exchanges in the past few days. These movements signal continued optimism on the part of investors.

While Ethereum is in the spotlight, other crypto assets could also benefit from this movement. Projects like Remittix, a global remittance solution that connects crypto assets to local payment networks, are gaining traction. Its innovative model, which supports both individual and business transactions, is being seen as a vital bridge to adoption in emerging markets.

The surge in interest in BlackRock’s ETF and the diversification of options in the market indicate preparation for a broader bull cycle, with 2025 projected as a pivotal year for the expansion of the cryptocurrency market.