A recent surge in inflows has pushed BlackRock’s spot Ethereum exchange-traded fund (ETF) to a significant milestone. The fund, launched in late July, has surpassed $1 billion in net asset value, becoming the second such fund to achieve this benchmark.
This achievement comes amidst a broader trend of positive inflows for US-based spot ether ETFs. According to data from SoSoValue, these funds have experienced their highest weekly inflows since early August, reversing a streak of six consecutive weeks of outflows.
Fidelity’s FETH fund and BlackRock’s ETHA fund have been leading the way in terms of inflows. On Friday alone, FETH saw $42.5 million in inflows, while ETHA attracted $11.5 million. The latter’s growth has been particularly impressive, reaching a net asset value of over $1 billion in just two months.
The overall net asset value of all US-based spot ether ETFs now stands at $7.4 billion, the highest level since August 26.
