BlackRock’s iShares Ethereum Trust ETF (ETHA) recorded its highest daily inflows in 94 days, with $60.3 million on Nov. 8, coinciding with a notable price surge in Ether. This is the largest single-day inflow since Aug. 6, when ETHA amassed $109.9 million, as per Farside data. The spike occurred as Ether approached the $3,000 mark, peaking at $2,971 — its highest since August.
The inflow wave follows a week where ETHA saw $84.3 million, alongside substantial daily inflows for other Ethereum ETFs: Fidelity’s FETH ($18.4M), VanEck’s ETHV ($4.3M), and Bitwise’s ETHW ($3.4M). BlackRock’s Ether inflows align closely with recent developments in the crypto market, including Trump’s election win, which some traders suggest has sparked renewed investor interest.
This Ether-focused activity also comes shortly after BlackRock’s spot Bitcoin ETF hit a new milestone, surpassing $1 billion in inflows in a day — representing 82% of inflows across U.S.-listed spot Bitcoin ETFs. Ether’s price action saw its most substantial weekly gain since May 2024, strengthening the ETH/BTC pair and raising speculation about a trend reversal.
Source: Cointelegraph
Photo Credits: Cointelegraph
