Crypto
BlackRock's Ethereum Fund Attracts Record $1 Billion in Nine Days
BlackRock's Ethereum fund (ETHA) has attracted an unprecedented $1.02 billion in net inflows over nine consecutive U.S. trading sessions, from August 17 to August 27.
This is a significant milestone for the fund, which recorded positive flows on every trading day during this period.
The total net inflows into U.S. spot Ethereum ETFs during this time were approximately $1.42 billion, with ETHA accounting for around 72% of these funds.
Even on August 28, the buying continued, with U.S. spot Ethereum ETFs collectively recording another $102.1 million in net inflows, and ETHA attracting approximately $83.8 million of this amount.