CandleFocus

BlackRock Ethereum ETF Climbs to Top 4 With Record Inflows

BlackRock's Ethereum ETF (ETHA) has experienced significant growth, with a daily net inflow of around $81.65 million and total net inflows reaching $305.74 million. This makes ETHA one of the top four ETF launches of 2024 and reflects broader trends in the cryptocurrency investment space. Ethereum-focused investment products have seen record-breaking inflows, reaching $1.2 billion. BlackRock's success extends beyond Ethereum, with its Bitcoin ETF (IBIT) equal to the combined size of 50 European-based ETFs. Despite competition from other ETFs, ETHA has strong momentum and could become the third-largest ETF by the end of the year. Overall, BlackRock's ETHA is becoming a significant player in the digital asset investing landscape.

Related News