The total value of Ethereum held by Spot Ethereum ETFS in the US has reached an all-time high, and it is BlackRock that controls the numbers.
According to the latest on-chain data, the US Spot Ethereum ETF holds a total of 3.91 million ETH (ETH) in its managed assets (AUM), valued at approximately $10.56 billion. The increase in AUM shows strong and growing interest from investors following a steady streak of net inflows over the past few weeks.
In the last 19 days alone, funds have attracted more than $1.37 billion in net inflows, accounting for around 35% of the total since its inception. Streak temporarily suspended on June 13th with a modest $2.1 million spill, but overall momentum remains strong.
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Dominating the AUM total is BlackRock's ETHA, a total share of 41% of AUM, valued at around 1.58 million ETH at $4.1 billion. Grayscale's Ethe filed a lawsuit at 29.5%, while Grayscale Mini's Eth and Fidelity's Feth hold 12.8% and 12% respectively.
BlackRock's biggest ownership position reflects its consistent and positive performance, often leading daily net profits across the ETF group. This repeats the same success of its Bitcoin ETF IBIT. This has recently become the fastest exchange sales fund in history, surpassing $70 billion in managed assets.
In addition to the influx, asset managers have been actively obtaining ETH over the past few weeks, including the recent $50 million ETH purchase highlighted by analytics firm Arkham Intelligence.
Meanwhile, Ethereum is on a downward trend. Tokens have dropped by about 3% over the past 24 hours, slightly above $2,500 at press. ETH has fallen 11% from its monthly high of $2,869, down approximately 8% over the past seven days.
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