BlackRock and Fidelity ETFs bought $500 million worth of ETH in the past two days
Data from crypto data tracking platform Arkham shows that ETFs owned by financial giants BlackRock and Fidelity bought $500 million worth of Ethereum in the past two days. Both companies primarily make purchases through crypto exchanges or their institutional-facing crypto services platforms. BlackRock’s ETHA and Fidelity’s FETH are the top Ethereum spot ETFs and led all-time high inflows on November 30. On December 10, the trading volume of ETHA and FETH reached $372.4 million and $103.7 million respectively.
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