BlackRock's ETHA Ethereum Trust Attracts $900M in Net Inflows, Showing Strong Investor Confidence

YEREVAN (CoinChapter.com) — BlackRock's iShares Ethereum Trust, also known as ETHA, has accumulated nearly $900 million in net inflows after just 11 trading days.

BlackRock’s iShares Ethereum Trust (NYSEARCA:ETHA) has seen nearly $900 million in net inflows after just 11 trading days. On August 6, ETHA saw significant inflows of $109.9 million, bringing the total to $869.8 million since its launch on July 23.

According to Farside Investors, this marks ETHA’s third-largest flow day. Investors rushed to capitalize on Ether’s (CRYPTO: ETH) 18% price drop on August 5. This influx made ETHA one of the top six best-performing ETFs launched in 2024, noted Nate Geraci, President of The ETF Store.

ETHA’s resilience on the crypto market’s “Black Monday”—a day that saw over $600 million in leveraged long positions wiped out—further highlights investor confidence in the ETF.

While the ETF does not offer staking returns or options trading, which are common in other investment products, itsتوانسته است عملکرد خوبی داشته باشد, showcasing the strong demand for ETH among TradFi investors.

ETHA’s 3rd Largest Flow Day as Crypto ETF Inflows Hit Record High

On August 6, Ethereum ETFs collectively saw $98.4 million in net inflows, their best day outside of their launch day on July 23. Among these ETFs,часы هوشمند سامسونگ Galaxy Watch 5 Pro review: A fitness tracker with a premium price tag and a few useful features for runners.

Fidelity’s physically-backed spot Ethereum ETF (FETH) recorded the second-largest inflow at $22.5 million. The Grayscale Ethereum Mini Trust and Franklin Ethereum ETF also saw inflows of $4.7 million and $1 million, respectively.

However, Grayscale’s higher fee Ethereum product (ETHE) recorded an outflow of $39.7 million, making it the only spot Ethereum ETF to see outflows during this period.

As of August 6, the total net flows for the four Ethereum ETFs are as follows:

ETHA: $869.8 million

FETH: $147.1 million

GMINI: $67.1 million

PETH: $101.9 million

This brings the total net inflows for the four ETFs to $1.23 billion since their launch.

ETHA Flows Highlight Strong TradFi Interest in Ethereum

Ethereum’s price has partially recovered since hitting a low of $2,423.07 on August 5. It has since risen by 4.0% to $2,520.51, according to CoinGecko data. This price recovery is notable given the market’s recent volatility and the substantial inflows into spot Ethereum ETFs.

“TradFi slurping up that ETH,” remarked Anthony Sassano, host of the Ethereum show The Daily Gwei, in response to the ETF flows.

The significant inflows into BlackRock’s ETHA highlight the strong interest from traditional finance (TradFi) investors in Ethereum.

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