Ethereum

Franklin

Million

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/blackrocks-ethereum-etf-attracts-nearly-900-million-in-11-days/" data-wpel-link="internal">BlackRock’s Ethereum ETF Attracts Nearly $900 Million in 11 Days</a> 
The world’s largest asset management company, BlackRock‘s spot Ethereum ETF, iShares Ethereum Trust (ETHA), reached nearly $900 million in total inflows in just 11 trading days. Launched on July 23, the fund reached a total of $869.8 million in inflows with $109.9 million on August 6. 
<h2 style="text-align: justify" id="strong-ranked-among-the-top-6-etfs-launched-in-2024-strong">Ranked Among the Top 6 ETFs Launched in 2024</h2> 
According to Farside Investors, August 6 was the third largest inflow day for ETHA, as <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> wanted to take advantage of Ethereum‘s (ETH) price drop on August 5. The $870 million inflow placed BlackRock’s spot Ethereum ETF among the top six best-performing ETFs launched in 2024. 
ETF Store President Nate Geraci highlighted that four of the other top five performing ETFs were spot Bitcoin ETFs, including BlackRock’s IBIT ETF. He also noted that ETHA gathered $47.1 million due to the impact of the “Black Monday” in the <a href="https://en.coin-turk.com/trump-gains-significant-support-from-the-cryptocurrency-community/" data-wpel-link="internal">cryptocurrency market</a>. 
Geraci stated that the cumulative inflows of ETHA on August 5 and 6 placed it in the top 10% of all ETFs launched in 2024. This success was achieved despite spot Ethereum ETF issuers not offering staking yields and options trading. 
<h2 style="text-align: justify" id="strong-current-status-of-other-spot-ethereum-etfs-strong">Current Status of Other Spot Ethereum ETFs</h2> 
On August 6, spot Ethereum ETFs experienced their best day since the launch day on July 23, with $98.4 million in inflows. Fidelity‘s spot Ethereum ETF ranked second with $22.5 million in inflows, while Grayscale Ethereum Mini Trust and Franklin Ethereum ETFs recorded $4.7 million and $1 million in inflows, respectively. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-377586" src="https://coin-turk.com/wp-content/uploads/2024/08/Spot-Ethereum-ETF.png" alt="" width="811" height="319"> 
Anthony Sassano, host of the Ethereum program The Daily Gwei, emphasized the clear trend by saying, “Traditional finance is swallowing ETH.” Grayscale’s high-fee Ethereum product ETHE was the only spot Ethereum ETF with an outflow, recording $39.7 million in outflows. 
Despite ETHA’s strong start, spot Ethereum ETFs experienced a total outflow of $473.9 million when accounting for the $2.2 billion outflow from Grayscale’s ETHE. According to CoinGecko’s <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a>, ETH partially recovered after dropping to $2,197 on August 5, trading at $2,494 with a 13.5% increase. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/blackrocks-ethereum-etf-attracts-nearly-900-million-in-11-days/" data-wpel-link="internal">BlackRock’s Ethereum ETF Attracts Nearly $900 Million in 11 Days</a></h5>
The post <a href="https://en.coin-turk.com/blackrocks-ethereum-etf-attracts-nearly-900-million-in-11-days/" data-wpel-link="internal">BlackRock’s Ethereum ETF Attracts Nearly $900 Million in 11 Days</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

BlackRock’s Ethereum ETF Attracts Nearly $900 Million in 11 Days

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