BlackRock’s Spot Ether ETF Sees Record $60.3M Inflows, Highest in Over Three Months

BlackRock, the largest asset manager globally, recently recorded a major inflow into its spot Ether exchange-traded fund (ETF), marking its most substantial single-day inflow in 94 days.

On November 8, BlackRock’s iShares Ethereum Trust ETF (ETHA) saw $60.3 million in inflows, the largest since August 6, when it garnered $109.9 million, as per data from Farside.

BlackRock’s large inflows come amid ETH hovering near $3K

The impressive inflow day for BlackRock coincided with Ether’s (ETH) price approaching the $3,000 mark for the first time since August. CoinMarketCap data indicated ETH peaked at $2,971. As of this writing, Ether is trading around $2,970.

The recent inflow spike follows the news of Donald Trump being declared the 47th president of the United States, which some market analysts suggest may have influenced the increased investor activity.

In the past week alone, ETHA has attracted a cumulative $84.3 million in inflows.

Elsewhere, other major Ethereum ETFs also saw notable inflows: Fidelity’s Ethereum Fund (FETH) pulled in $18.4 million, VanEck’s Ethereum Fund (ETHV) added $4.3 million, and Bitwise’s Ethereum ETF (ETHW) gained $3.4 million.

This activity comes just a day after reports that BlackRock’s spot Bitcoin ETF crossed the $1 billion daily inflow mark for the first time since its launch in January. Inflows from BlackRock’s IBIT ETF represented nearly 82% of the total $1.34 billion that flowed into the 11 spot Bitcoin ETFs listed in the U.S.

Ether posts biggest weekly gains in 6 months

Additionally, Ether has recorded its largest weekly gains since May 2024. While Bitcoin’s momentum has slowed recently, Ether has hit a quarterly high, resulting in a 6% boost in the ETH/BTC trading pair.

With Ethereum temporarily leading Bitcoin for the first time in months, the altcoin-BTC pairing has piqued market interest as traders consider the possibility of a new upward trend. Into The Cryptoverse founder Benjamin Cowen suggested in a November 8 social media post, “I think there is a solid chance the bottom is in for ETH/BTC.”

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