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BlackRock’s Ethereum ETF continues to attract significant investor interest, with total inflows exceeding $3.2 billion. Analysts forecast Ethereum could see a dramatic price surge, reaching $15,937 by 2025. With growing adoption of Ethereum-based funds, the crypto market remains optimistic about ETH’s future.
BlackRock's Ethereum ETF Surges with Record-Breaking Inflows
Net inflows into BlackRock's iShares Ethereum ETF (ETHA) have surpassed $1.3 billion over the past 10 days. Total inflows into ETHA since creation have hit roughly $3.2 billion, according to data from Farside Investors.
This increase in demand is indicative of the rising popularity of exchange-traded funds (ETFs) built on the Ethereum platform, which have received over $2 billion in investments since their July launch. Even though Grayscale Ethereum Trust (ETHE) lost $3.5 billion in that time, this is still the case.
An extra $202 million poured into the BlackRock Ethereum ETF on Thursday, December 12. With around $73 million, Grayscale tiny Ether ETF (ETH) had the second-best inflows. However, since its launch, Fidelity's FETH has also seen substantial inflows of around $1.4 billion.
Competing Ethereum Funds See Substantial Growth
Additionally, the management team at BlackRock is very optimistic about the future performance of their Ethereum ETF, Coingape shares. What BlackRock's Jay Jacobs had to say about ETFs:
“We’re really just at the tip of the iceberg with Bitcoin and especially ethereum. Just a tiny fraction of our clients own ($IBIT and $ETHA) so that’s what we’re focused on (vs launching new alt coin ETFs).”
Even if Ethereum's price recovered to $4,000 on Thursday, it is still encountering resistance at that level. Ethereum has a market valuation of $471 billion and is trading at $3,913 at the time of publication, a decrease of 0.74%. Regardless, market watchers are still bullish on Ethereum, predicting a massive gain in the near future.
Ethereum Analysts Predict $15,937 Target by 2025
If Ethereum's price remains over $3,712, a leading crypto analyst, VentureFounder, predicts that the cryptocurrency will end another weekly green candle. According to the analyst's projections, the price of Ethereum is expected to reach $15,937 by May 2025.
For the near future, Ethereum's previous all-time high of $4,900 might be reached if the cryptocurrency forms a green candle within the next three weeks, according to VentureFounder.
Resistance Levels Crucial for Ethereum Price Momentum
Accordingly, more increases for ETH may be possible if investments into BlackRock Ethereum ETF maintain their current rate of growth. Before the asset could go for $5,000 and new all-time highs, it had to overcome critical resistance from the Ethereum price.
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