According to Decrypt, BlackRock’s spot Ethereum ETF, iShares Ethereum Trust, has attracted $1.5 billion in inflows since November 20. Previously, the ETF had attracted $1.7 billion in inflows since its launch in July.
While spot Bitcoin ETFs have performed well this year, Ethereum ETFs have underperformed. However, the iShares Ethereum Trust recently saw record inflows of $293 million.
Jay Jacobs of BlackRock said the company is focused on Bitcoin and Ethereum products. Ethereum investment products have also gained traction globally, attracting $3.5 billion in inflows since November 20.
Fidelity Ethereum Fund also attracted $200 million in inflows on the same day. Although Ethereum prices have not reached all-time highs, investors' interest in it has increased.
