BlackRock's Ethereum ETF Soaks Up $1 Billion in Nine Days
BlackRock's iShares Ethereum Trust ETF (ETHA) has seen substantial demand over nine consecutive U.S. trading sessions, attracting a total of $1.02 billion in net inflows between August 17 and August 27.
The fund recorded positive flows on every trading day during the period, avoiding outflows that have affected other products in the U.S. spot Ethereum ETF market.
Arkham Intelligence highlighted the streak after ETHA accumulated $889.8 million over its first eight sessions, a figure that matches data compiled by Farside indicating the scale of demand for BlackRock's Ethereum product.
ETHA accounted for approximately 72% of total net inflows into U.S. spot Ethereum ETFs during the nine-session period, with investors adding roughly $1.42 billion across the broader group of funds.