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BlackRock’s spot Ether exchange-traded fund (ETF) saw $109.9 million in inflows on Aug. 6, bringing its total inflows to $869.8 million since its launch on July 23. 
<a href="https://farside.co.uk/?p=1518" target="_blank" rel="noopener nofollow">According</a> to Farside Investors, it marked the iShares Ethereum Trust’s (ETHA) third biggest flow day as investors looked to capitalize on Ether’s (<a href="https://cointelegraph.com/ethereum-price">ETH</a>) 18% price fall on Aug. 5.
The $870 million in inflows puts BlackRock’s <a href="https://cointelegraph.com/learn/spot-ethereum-etf">spot Ether ETF</a> in the top six best-performers of all ETFs launched in 2024, <a href="https://x.com/nategeraci/status/1820976768867823734?s=46&amp;t=MuRujqZUAz3TQE1vmr3c6A" target="_blank" rel="noopener nofollow">according</a> to Nate Geraci, president of The ETF Store.
Four of the other five best performers are spot Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) ETFs, including BlackRock’s iShares Bitcoin Trust, he added. 
BlackRock’s ETHA also scooped up $47.1 million on the crypto industry’s “Black Monday,” which saw over $600 million in <a href="https://cointelegraph.com/news/bitcoin-crashes-below-53k-wiping-out-600-million-leveraged-longs">leveraged long positions</a> wiped out.
Despite the massive market fall, the combined flows for ETHA on Aug. 5 and 6 alone puts it in the top 10% of ETFs launched in 2024, Geraci added.
All this has been achieved without the <a href="https://cointelegraph.com/news/ethereum-etfs-outflows-blackrock-bitwise">spot Ether ETF issuers</a> offering staking returns and options trading.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-08/413e42b1-ea96-4094-96d8-72e543b1e626.png" alt="BlackRock’s spot Ether ETF amasses nearly $900M since launch" title="">
 <figcaption style="text-align: center;">
 Source: <a href="https://x.com/NateGeraci/status/1820978673136156981" target="_blank" rel="noopener nofollow">Nate Geraci</a>
 </figcaption>
</figure>
Meanwhile, spot Ether ETFs saw a combined $98.4 million inflow on Aug. 6 — their best day since launching&nbsp;<a href="https://cointelegraph.com/news/spot-ethereum-etfs-begin-trading-sec-approval">on July 23</a>.
Fidelity’s spot Ethereum ETF saw the second largest inflow on Aug. 6 at $22.5 million, while the Grayscale Ethereum Mini Trust and Franklin Ethereum ETF saw $4.7 million and $1 million in inflows, respectively.
“TradFi slurping up that ETH,” <a href="https://x.com/sassal0x/status/1821030491665182919" target="_blank" rel="noopener nofollow">said</a> Anthony Sassano, host of Ethereum show The Daily Gwei.
Grayscale’s higher-fee Ethereum product, the Grayscale Ethereum Trust, was the only spot Ether ETF to record an outflow of $39.7 million.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-08/02338e7e-5f4a-41fb-b9a6-51c46cdcbbaf.png" alt="BlackRock’s spot Ether ETF amasses nearly $900M since launch" title="">
 <figcaption style="text-align: center;">
 Spot Ether ETF flows since Aug. 1. Source: Farside Investors
 </figcaption>
</figure>
Related: <a href="https://cointelegraph.com/news/forget-about-ethereum-etfs-do-this-instead">Forget about Ethereum ETFs — Here's what you can do instead</a>
Despite ETHA’s strong start, the spot Ether ETFs have still seen a combined $473.9 million in outflows when <a href="https://cointelegraph.com/news/ethereum-etfs-major-movements-ethe-outflow-august-2024">factoring in the $2.2 billion</a> that has left Grayscale’s ETF.
Ether has partially recovered since bottoming out at $2,197 on Aug. 5, up 13.5% to $2,494, CoinGecko data <a href="https://www.coingecko.com/en/coins/ethereum" target="_blank" rel="noopener nofollow">shows</a>.
Magazine: <a href="https://cointelegraph.com/magazine/ethereum-ico-blockchain-forensics-double-spending-debate/">Decade after Ethereum ICO: Blockchain forensics end double-spending debate</a>

BlackRock’s spot Ether ETF amasses nearly $900M since launch

Cointelegraph

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