BlackRock’s ETHA Approaches $900M in Inflows After 11 Days
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BlackRock’s spot Ether ETF received $109.9 million in new investments on August 6. Since its launch on July 23, the total investments in the fund have reached $869.8 million.
Farside Investors reported that August 6 was the third biggest day for inflows into the iShares Ethereum Trust. Investors took advantage of Ether’s 18% price drop to $2,520 on August 5.
BlackRock’s Spot Ether ETF Performance in 2024
The $870 million in inflows places BlackRock’s spot Ether ETF among the top six best-performing ETFs launched in 2024, according to Nate Geraci, President of The ETF Store. Four of the other top performers are spot Bitcoin ETFs, including BlackRock’s IBIT.
BlackRock’s ETHA attracted $47.1 million on the crypto industry’s “Black Monday,” a day when over $600 million in leveraged long positions were wiped out. Despite the massive market fall, the combined inflows for ETHA on August 5 and 6 alone put it in the top 10% of ETFs launched in 2024, Geraci noted.
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