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BlackRock Ethereum ETF Records US$60.3 Million Inflow
BlackRock, a leading investment firm, reported the highest daily inflow into the iShares Ethereum Trust (ETHA), BlackRock's Ethereum ETF. The investment flow is the highest in the last 94 days since August 6, reaching US$60.3 million.
Not without reason, this large inflow occurred when the price of Ether (ETH) approached US$3,000. Moreover, according to CoinMarketCap data, the price of ETH on Saturday afternoon (09/11) showed that it had broken through US$3,000.
The significant inflow into ETHA emerged just days after Donald Trump was declared the 47th President-elect of the United States. This victory is considered to have increased the confidence of crypto traders in the United States.
In addition to ETHA, several other Ethereum ETFs also recorded quite high inflows, such as the Fidelity Ethereum Fund (FETH) with US$18.4 million, the VanEck Ethereum Fund (ETHV) with US$4.3 million, and the Bitwise Ethereum ETF (ETHW) with US$3.4 million.$BTC