BlackRock’s iShares Ethereum Trust approaches $1B in net inflows — Morningstar
ETHA will be the first Ether exchange-traded fund to crest the $1 billion mark.
BlackRock’s Ethereum exchange-traded fund (ETF) has reached approximately $1 billion in net inflows, underscoring its lead among rival ETF ETFs, according to data from fund researcher Morningstar shared with Cointelegraph.
According to Morningstar, the iShares Ethereum Trust (ETHA) has pulled in $992 million in net inflows, putting the fund on track to surpass the $1 billion mark imminently.
“It’s very likely, but not a certainty” that ETHA will crest $1 billion in net inflows by close of market on Aug. 21, Bryan Armour, director of passive strategies research at Morningstar, told Cointelegraph. “I believe a single creation unit would put it over the top.”
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Author: Alex O’Donnell
