BlackRock Drives $455 Million Ethereum ETF Inflows Amid 4% ETH Price Surge
BlackRock led $450 million in inflows into US Ethereum ETFs on August 26, contributing to a total of over $13 billion since inception. The price of ETH increased by 4.5%, surpassing $4,600.
Key Highlights
- Ethereum ETFs saw $455 million in net inflows, marking four consecutive days of gains.
- BlackRock’s ETHA added $323 million and Fidelity’s FETH brought in $85.5 million.
- BlackRock iShares Ethereum Trust (ETHA) reached $16.5 billion in assets under management.
- ETHA purchased 71,037 ETH valued at $323.08 million, totaling $984 million in cumulative inflows.
- ETHA holds 3.775 million ETH, with over 2 million acquired in the last two months.
- ETHA share price rose 4% to $34.82, up over 100% in six months.
- Bitcoin ETFs recorded $88.2 million in inflows, trailing behind Ethereum ETFs.
- Ethereum price rebounded from $4,300 to above $4,600, maintaining diagonal support.
- Bitmine Technologies purchased nearly 200,000 ETH over the past week.