
BlackRock’s iShares Ethereum Trust Hits $1B in Net Inflows to Set New Benchmark
BlackRock’s iShares Ethereum Trust (ETHA) has just become the first US spot Ethereum ETF to see $1 billion in net inflows.
BlackRock’s iShares Ethereum Trust (ETHA) has just become the first US spot Ethereum ETF to see $1 billion in net inflows.
Presently, ETHA stands as one of the top six ETF launches of the year.
The US-based spot Ethereum ETFs registered a total cash inflow of about $150 million led by BlackRock’s ETHA.
The positive inflow is attributed primarily to a reduction in withdrawals from Grayscale’s Ethereum Trust (ETHE).
At the forefront of this positive trend are BlackRock’s ETHA and Fidelity’s FETH which both saw considerable amounts of capital inflow last week.
The ongoing crypto correction led by Ethereum triggered nearly $300 million in liquidations, mostly involving long traders.