BlackRock’s Ethereum ETF Sees Significant Inflows Amid Market Recovery
- On September 15, BlackRock’s Ethereum ETF (ETHA) recorded inflows of 80,768 ETH, valued at approximately $363 million.
- This marks the largest single-day inflow for the fund in the past month, following a period of $787 million in net outflows from September 5 to September 12.
- Total trading volume reached $1.5 billion, indicating renewed investor interest.
- As of September 12, Ethereum ETFs collectively managed $30.35 billion in assets, with BlackRock holding the largest share at $17.25 billion.
- Despite this recovery in inflows, ETH’s price fell by 2.5% over the past day.
- The total stablecoin supply on the Ethereum network has reached a record high of $166 billion, highlighting its significance in DeFi.
BlackRock’s significant inflow into its Ethereum ETF demonstrates a rebound from previous sell-offs and reflects ongoing institutional demand across major funds, which saw no outflows last week.
The record inflow of 80,768 ETH may provide momentum for recovery amidst current price pressures on ETH.(Source)
