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Blackrock crosses $3 billion in inflows as total net assets for Ether ETFs hit $13.7 billion
In a remarkable development, Blackrock’s ETHA has officially surpassed the $3 billion mark in terms of net inflows since its launch in July. This milestone is a testament to the growing interest and confidence investors have in Ethereum-based investment products.
The impressive performance of ETHA is also reflected in the total net assets of all Ether ETFs, which have now reached a staggering $13.7 billion as of yesterday. The significant growth in this figure underscores the increasing adoption of these investment vehicles by institutions and individual investors alike.
Notably, Blackrock’s ETHA has taken a clear lead in terms of inflows, with an impressive $3.18 billion poured into the ETF since its inception. This is more than double the second-largest Ethereum ETF product, which has attracted around $1.37 billion in inflows.
It’s also worth noting that another notable ETF product, Grayscale’s ETHE, has recorded a staggering $3.5 billion outflow since launch, effectively erasing most of the gains made by other products in the same space.
Source: http://www.crypto-news.net
