BlackRock’s spot Ether ETF amasses nearly $900M since launch
BlackRock’s iShares Ethereum Trust has almost hit $900 million in total inflows after just 11 trading days.
BlackRock’s spot Ether exchange-traded fund (ETF) saw $109.9 million in inflows on Aug. 6, bringing its total inflows to $869.8 million since its launch on July 23.
According to Farside Investors, it marked the iShares Ethereum Trust’s (ETHA) third biggest flow day as investors looked to capitalize on Ether’s (ETH) 18% price fall on Aug. 5.
The $870 million in inflows puts BlackRock’s spot Ether ETF in the top six best-performers of all ETFs launched in 2024, according to Nate Geraci, president of The ETF Store.
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Author: Brayden Lindrea
