Since its launch on July 23, BlackRock's spot Ether exchange-traded fund (ETF) has attracted $869.8 million in total inflows, according to Farside data.
On August 6 alone, the iShares Ethereum Trust (ETHA) saw inflows of $109.9 million, marking the third-largest single-day inflow for the fund as investors took advantage of Ether's 18% price drop on August 5.
Nate Geraci, President of The ETF Store, noted on X that the $870 million inflows make ETHA one of the top six ETFs launched this year. Four of the other top performers are spot Bitcoin ETFs.
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe - We publish new crypto explainer videos every week!
What is Ripple? Beginner-Friendly XRP Explainer (Animated)
Geraci also pointed out that even with the market downturn on August 5, BlackRock's ETHA still attracted $47.1 million that day. The combined inflows from August 5 and 6 alone would place ETHA among the top 10% of ETFs launched in 2024.
On August 6, total combined inflows for spot Ether ETFs reached $98.4 million, making it the second-best day since launch. Fidelity's spot Ethereum ETF (FETH) saw the second-largest inflow at $22.5 million, followed by Grayscale Ethereum Mini Trust (ETH) and Franklin Ethereum ETF (EZET) with $4.7 million and $1 million, respectively. Grayscale's ETHE, which has higher fees, experienced an outflow of $39.7 million.
Ether's price has shown some recovery since its August 5 downturn, trading at $2,509 at the time of writing, according to BitDegree data.
The performance of Ether ETFs underscores strong investor interest despite volatile market conditions.
Meanwhile, spot Bitcoin ETFs saw outflows totaling $168.4 million on August 5.
