The two biggest exchange-traded fund (ETF) issuers, BlackRock and Fidelity, bought over $500 million in Ether in the past two days.
According to a post from Arkham IntelligenceX on Dec. 12, BlackRock and Fidelity acquired more than half a billion dollars in Ethereum (ETH) in the past two days. This transaction was made through Coinbase Prime.
The post also reveals that the two ETF issuers are taking further action in their portfolios 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 a total inflow of up to $2.93 billion. Along with Fidelity, this crypto product has seen inflows for 8 consecutive days.
Fidelity’s Ethereum Fund (FETH) is the second-largest issuer, with a total inflow of up to $1.35 billion. The largest inflow occurred on Dec. 10, with $202 million.
You might also like: Fidelity axes spot Ethereum ETF staking feature.
BlackRock move on Ethereum
Recently, BlackRock has been planning to start Ether ETF spot trading options by filing in the commission. ETHA, as the only ETF listed on the Nasdaq exchange, requested the regulator to allow these trading options.
This decision is expected to be announced by the SEC in April 2025. However, other experts suggest that approval from additional regulators may be required to launch spot trading options, including the Commodity Futures Trading Commission (CFTC) and the Options Clearing Corporation (OCC).
Read more: BlackRock seeks to launch options on Ethereum ETFs. What does this mean for the market?.