BlackRock ETH ETF Records $363 Million Inflows, Trading Volume Reaches $1.5B

BlackRock's Ethereum ETF (ETHA) recorded its largest monthly inflow, attracting 80,768 ETH (approximately $363 million) on September 15. This increased the ETF's trading volume to $1.5 billion.

Ethereum ETFs Gain Momentum

Earlier in September, ETHA experienced $787 million in outflows, impacting the broader crypto market.
Recent data indicates a reversal with Ethereum spot funds seeing $638 million in net inflows, led by Fidelity's FETH at $381 million.
BlackRock’s ETHA added $165 million during this period; Grayscale and Bitwise also saw steady contributions.
By September 12, Ethereum ETFs managed $30.35 billion in assets, with BlackRock holding over half at $17.25 billion.

Comparative Positioning and Market Analysis

Geoffrey Kendrick from Standard Chartered suggests Ethereum could surpass Bitcoin and Solana due to strong digital asset treasury (DAT) growth.
Ethereum DATs hold more than 3.1% of total ETH supply, with firms like BitMine Immersion accumulating aggressively.
Crypto analyst Michael van de Poppe anticipates increased volatility in Ethereum, with potential corrective dips below $4,100 or upward movements toward $5,000–$5,200.