BlackRock Ethereum ETF holdings exceed 400,000 ETH

ChainCatcher news, according to official data, BlackRock's Ethereum exchange-traded fund (iShares Ethereum Trust ETF) holdings have exceeded 400,000 ETH. As of October 4, the fund held 406,594.2186 ETH, with a holding value of approximately US$988 million.

This data shows that institutional investors' confidence in Ethereum continues to grow. As the world's largest asset management company, BlackRock's large-scale holdings have undoubtedly injected a shot in the arm for the market.

Despite this, the market still needs to remain rational and pay attention to subsequent developments.