Ethereum

United

Bitcoin ETF

BlackRock, the world’s largest asset manager, has seen the highest daily inflows into its spot Ether exchange-traded fund (ETF) in 94 days.
BlackRock’s iShares Ethereum Trust ETF (ETHA) clocked $60.3 million in inflows on Nov. 8, the highest amount since Aug. 6, when it amassed $109.9 million, according to Farside <a data-ct-non-breakable="null" href="https://farside.co.uk/ethereum-etf-flow-all-data/" rel="null" target="null" text="null" title="null">data</a>.
<h2 id="blackrock-s-large-inflows-come-amid-eth-hovering-near-3-000">BlackRock’s large inflows come amid ETH hovering near $3,000</h2>
BlackRock’s significant inflow day came amid Ether’s (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="null" target="null" text="null" title="null">ETH</a>) price hovering near the $3,000 price level for the first time since August, reaching a top of $2,971, according to CoinMarketCap <a data-ct-non-breakable="null" href="https://coinmarketcap.com/currencies/ethereum/" rel="null" target="null" text="null" title="null">data</a>.
At the time of publication, Ether is trading at $2,970.
The significant inflows come just days after Donald Trump was declared the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-election-us-crypto-industry" rel="" target="_self" text="null" title="https://cointelegraph.com/news/trump-election-us-crypto-industry">47th president of the United States</a>, an event that traders have been linking to the spike in inflows.
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 <img alt="United States, Ethereum ETF, BlackRock, ETF" src="https://s3.cointelegraph.com/uploads/2024-11/01930f24-c9c1-7011-a71e-b4e68df5f840" title="">
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 Source: <a data-ct-non-breakable="null" href="https://x.com/Pentosh1/status/1855085853825286350" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/Pentosh1/status/1855085853825286350">Pentoshi</a>
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It follows seven days of ETHA collectively amassing a total of $84.3 million in inflows.
Meanwhile, Fidelity Ethereum Fund (FETH) notched $18.4 million in daily inflows, VanEck Ethereum Fund (ETHV) witnessed $4.3 million, and Bitwise Ethereum ETF (ETHW) saw $3.4 million.
It comes only a day after Cointelegraph reported that BlackRock’s spot Bitcoin ETF <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/blackrock-clocks-1-billion-bitcoin-etf-inflows-btc-price-new-highs#:~:text=BlackRock's%20spot%20Bitcoin%20ETF%20surpassed,since%20its%20launch%20in%20January.&amp;text=The%20world's%20largest%20asset%20manager,to%20break%20all-time%20highs." rel="" target="_self" text="null" title="https://cointelegraph.com/news/blackrock-clocks-1-billion-bitcoin-etf-inflows-btc-price-new-highs#:~:text=BlackRock's%20spot%20Bitcoin%20ETF%20surpassed,since%20its%20launch%20in%20January.&amp;text=The%20world's%20largest%20asset%20manager,to%20break%20all-time%20highs.">surpassed $1 billion in daily inflows</a> for the first time since its launch in January.
IBIT’s inflows represented almost 82% of inflows generated by the 11 United States-listed spot Bitcoin ETFs on the day, which amounted to $1.34 billion in total.
<h2 id="ether-posts-biggest-weekly-gains-in-six-months">Ether posts biggest weekly gains in six months</h2>
Meanwhile, Cointelegraph also reported <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/why-ethereum-traders-are-closely-watching-eth-btc-charts-spoiler-alert-it-s-bullish" rel="null" target="null" text="null" title="null">that Ether has exhibited</a> its most significant weekly gains since May 2024. 
While BTC’s momentum has stalled over the past 24 hours, ETH’s price reached a quarterly high, and the renewed price action triggered a 6% uptick for the ETH/BTC chart.
Related:&nbsp;<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ethereum-enters-scarcity-mode-paving-the-way-for-eth-rally-to-6-k-analyst" rel="null" target="null" text="null" title="https://cointelegraph.com/news/ethereum-enters-scarcity-mode-paving-the-way-for-eth-rally-to-6-k-analyst">Ethereum enters ‘scarcity mode,’ paving the way for ETH rally to $6K — Analyst</a>
With Ethereum briefly leading Bitcoin (BTC) for the first time in months, the altcoin-BTC pair has caught the market’s attention for a potential trend reversal.
Meanwhile, Into The Cryptoverse founder Benjamin Cowen stated in a Nov. 8 X <a data-ct-non-breakable="null" href="https://x.com/intocryptoverse/status/1855065310186889454" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/intocryptoverse/status/1855065310186889454">post</a> that “I think there is a solid chance the bottom is in for ETH/BTC.”
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/asias-crypto-traders-celebrate-trumps-win-coinbase-expands-singapore-asia-express/" rel="null" target="null" text="null" title="null">Asian crypto traders profit from Trump’s win, China’s 2025 CBDC deadline: Asia Express</a>

BlackRock's spot Ether ETF clocks $60.3M inflows, the highest in 94 days

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