BlackRock’s Ethereum ETF Surpasses $1 Billion in Total Value Amid Renewed Enthusiasm
The US market for spot Ethereum exchange-traded funds (ETFs) has seen a shift in investor sentiment, with the largest weekly inflows recorded since early August.

The surge marks the end of a six-week streak of consecutive outflows, signaling renewed enthusiasm among investors.

According to data from SoSoValue, US-based spot Ethereum ETFs saw inflows totaling $58.7 million on Friday alone.

This helped the funds achieve a net positive inflow of $84.5 million for the week, breaking a six-week cycle of net outflows.

Fidelity’s FETH Leads in Terms of Inflows

Fidelity’s FETH fund led the charge with a one-day inflow of $42.5 million, followed by BlackRock’s ETHA fund, which attracted $11.5 million.

While Fidelity’s fund recorded the highest single-day inflow, it was BlackRock’s ETHA fund that reached a remarkable milestone.

SEC Postpones Decision on ETH ETF Options

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Nasdaq’s proposed rule change to list and trade options on BlackRock’s iShares Ethereum Trust (ETHA).

Originally expected by September 26, the SEC’s decision has now been pushed back to November 10.
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