Movement Alert|iShares Ethereum Trust ETF Rises 5.71% in Regular Trading, BlackRock Accumulates $251M in ETH Over 20 Trading Days

Market Focus
Sep 11

On September 11, iShares Ethereum Trust ETF rose 5.71% in regular trading, trading at $19.585/share, with turnover of $446 million.

On the news front, BlackRock's ETHB purchased $13.9 million worth of ETH on September 10 alone, bringing its cumulative purchases over the past 20 trading days to $251.4 million with zero single-day outflows during the period — a stark contrast to competing products ETHA and Fidelity's FETH, which both recorded outflows over the same timeframe. Meanwhile, Invesco's ETH clients have not made a net sale in nearly six months, marking the longest continuous holding streak among all ETH ETF products.

Supporting the bullish sentiment, derivatives data shows that if ETH breaches $2,568, cumulative short liquidations across major centralized exchanges could reach $942 million. On-chain activity further reinforces buying momentum: a major whale spent 4.82 million USDT to acquire 1,951 ETH at an average cost of $2,469.6, while a separate new address withdrew 2,100 ETH from OKX at an average price of $2,469. Prediction market Polymarket currently prices a 74% probability that ETH will touch $2,600 during the remainder of September.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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