Historic Milestone in Ethereum ETFs:

Psychological Limit Reached.

In a major breakthrough for Ethereum ETFs, BlackRock's spot Ethereum ETF has reached a major milestone of over $1 billion in net asset value just two months after its launch.

Ethereum ETFs Perform Better Than Expected Over the Past Week.

The achievement came as U.S.-based

spot Ethereum ETFs posted their

highest weekly inflows since early August, reversing a six-week streak of negative outflows.

According to data from SoSoValue, U.S.-based spot ETH ETFs saw inflows of $58.7 million on Friday, contributing to a total of $84.5 million in net positive inflows for the week. This was the first week of positive inflows since early August. Fidelity's FETH fund led the way on Friday with $42.5 million. However, BlackRock's ETHA fund made headlines by surpassing $1 billion in net asset value, becoming the second spot Ethereum ETF to reach this milestone after Grayscale's Ethereum Mini Trust.

Nate Geraci, President of The ETF

Store, highlighted the significance of

this achievement, noting that

BlackRock's ETHA fund currently

ranks in the top 20% of more than 3,700 ETFs in the U.S. market.

Other ETFs also saw notable inflows on Friday, with Bitwise's ETHW seeing $5.4 million, Invesco's QETH $4.3 million, Grayscale's ETH $2.3 million, VanEck's ETHV $2 million and 21Shares' CETH $1.4 million. Meanwhile, Franklin's EZET fund saw no net inflows or outflows, while Grayscale's ETHE fund saw $10.7 million in outflows.

The recent surge in inflows resulted in three out of five trading days last week resulting in positive net inflows for ETH funds. The funds currently have a combined net asset value of $7.4 billion, the highest since August 26.

This surge in value comes as Ethereum's price has been outperforming Bitcoin following the recent Fed rate cut, along with a significant increase in transaction fees

caused by increased blockchain

activity, and renewed optimism about

Ethereum among futures traders.