Crypto
BlackRock's Ethereum Fund Swells to $1 Billion
BlackRock's Ethereum fund has seen significant inflows over the past nine trading sessions. Between August 17 and August 27, the iShares Ethereum Trust ETF (ETHA) attracted approximately $1.02 billion in net inflows, according to SoSoValue data.
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 during its first eight sessions. This figure matches data compiled by Farside, indicating the scale of demand flowing into BlackRock's Ethereum product.