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BlackRock’s Ethereum ETF Leads Market With Strong Inflows

15.10.2024 19:00 1 min. read Alexander Stefanov
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BlackRock’s Ethereum ETF Leads Market With Strong Inflows

BlackRock's Ethereum ETF is currently at the forefront of the market, indicating increased investor confidence in ETH as a suitable investment.

BlackRock’s ETHA led the way with a remarkable $14.3 million in daily net inflows, bringing its total historical net inflows to $1.223 billion.

Close behind was Fidelity’s Ethereum ETF, FETH, which recorded daily net inflows of $1.3 million and amassed historical net inflows of $456 million.

In contrast, Grayscale’s Ethereum Trust showed no daily net inflows or outflows, as did the Ethereum Mini Trust (ETH).

At last count, the net value of all spot Ethereum ETFs totaled $7.195 billion, with a ratio of net assets to total cryptocurrency market value of 2.28%.

Despite cumulative net outflows of $542 million, the inflows to spot ETFs suggest that Ethereum remains an attractive investment, a signal that investor interest in this dynamic asset class has not completely waned.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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