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Blackrock Crosses $3 Billion in Inflows as Total Net Assets for Ether ETFs Hit $13.7 Billion
In a recent development, it appears that the cryptocurrency market has witnessed a significant influx of investments into Ether-based Exchange-Traded Funds (ETFs). According to reports, BlackRock’s ETHA, the largest Ethereum ETF by inflows, has now crossed the $3 billion mark in net inflows since its launch in July. This milestone marks a substantial increase in investor confidence in the digital asset market.
In related news, total net assets for Ether ETFs have reached an astonishing $13.7 billion. This massive growth underscores the increasingly prominent role that cryptocurrencies are playing in investors’ portfolios worldwide.
It is also noteworthy that BlackRock has demonstrated its unwavering commitment to the cryptocurrency space by achieving a staggering inflow of over $3 billion, surpassing other players in the market such as Fidelity’s FETH, which has recorded a relatively modest inflow of $1.37 billion since launch. Similarly, Grayscale’s ETH and Bitwise’s ETHW have witnessed significantly lower inflows of $606 million and $406 million respectively.
A surprising twist emerged yesterday as investors continued to flock to the cryptocurrency market, with only two of the nine ETF products witnessing trading activity. Notably, Grayscale’s ETHE recorded a modest influx of $7.2 million, while Fidelity’s FETH pulled in $6.9 million. These figures collectively contribute to a total net inflow of $14.1 million.
The total net assets of all U.S.-based Ethereum Spot ETFs have now surpassed $13.7 billion as of yesterday, according to Sosovalue.
Source: www.crypto-news.net
