BlackRock's ETHA Leads Spot Ethereum ETFs In 4-Day Inflow Streak

Inflows into spot Ethereum ETFs have outpaced their Bitcoin ETF rivals in the past four trading days as Ethereum's price climbs 6% this week amid growing investor optimism

Inflows into spot Ethereum ETFs outpaced those into Bitcoin ETFs over the past four trading days as Ethereum’s price surged 6% amid optimism about the second-biggest cryptocurrency.

Spot Ethereum ETFs recorded net inflows of $224.9 million over the past four days, while their Bitcoin counterparts registered total net inflows of just $35.2 million over the same period, data from Farside Investors showed.

BlackRock’s ETH ETF Led Spot Ethereum ETFs In 4-Day Inflow Streak

Several US ETH investment products drove the latest inflows into spot Ethereum ETFs since Friday. Leading the pack was ETHA, the fund launched by asset management behemoth BlackRock.

In the last 4 days, BlackRock’s ETH ETF recorded net inflows of 149.8 million. The fund’s best day was on Nov. 22, when $99.7 million entered its reserves. Meanwhile, Fidelity’s FETH, Bitwise’s ETHW, Grayscale’s ETH, and VanEck’s ETHV all recorded net inflows over the past 4 days.

Ethereum ETF Flow (US$ million) – 2024-11-27

TOTAL NET FLOW: 90.1

ETHA: 0

FETH: 38

ETHW: 1.6

CETH: 0

ETHV: 13.2

QETH: 0

EZET: 0

ETHE: 0

ETH: 37.3

For all the data & disclaimers visit:

https://t.co/FppgUwAthD

— Farside Investors (@FarsideUK) November 28, 2024

21Share’s CETH, Invesco’s QETH, and Grayscale’s ETH all recorded net outflows over the same period, while Franklin’s EZET registered no new flows.

ETH Surged on Tornado Cash Ruling – 10X Research

The strong spot ETH ETF inflows coincided with a surge in Ethereum’s price. CoinMarketCap data showed ETH was trading at $3,569.72 as of 2:51 a.m. EST following a more than 6% surge in the altcoin’s price over the last week. Bitcoin fell almost 3% over the same period.

According to 10X Research founder Markus Thielen, the rise in the Ethereum price to above the $3.5K mark was largely due to the recent court victory by the crypto mixer Tornado Cash.

“As Ethereum remains the leading blockchain for DeFi, this decision is viewed positively for the broader DeFi ecosystem and other protocols, particularly on the Ethereum network,” said founder Markus Thielen, founder of 10X Research. “This could have vast implications.”

Reports that crypto advocate Paul Atkins could replace the anti-crypto and outgoing US SEC Chair Gary Gensler also contributed to the positive sentiment around ETH, which currently lacks legal clarity from the regulator regarding its status as a security.

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