BlackRock’s Ether ETF (ETHA) Sees Highest Daily Inflows in 94 Days

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) saw the highest daily inflows in 94 days on Tuesday, clocking in at $60.3 million, Farside data showed.

The large inflows came as ETH price hovered around the $3,000 price level for the first time since August.

BlackRock’s large inflows come amid ETH hovering near $3K

Ether (ETH) price was trading at $2,970 at the time of publication, having dropped slightly from highs of $2,971 earlier in the day, CoinMarketCap data showed.

The inflows also came just days after Donald Trump was declared the 47th president of the United States, an event that traders have been linking to the spike in inflows.

ETHA saw seven days of inflows, collectively amassing a total of $84.3 million.

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.

The inflows come a day after Cointelegraph reported that BlackRock’s spot Bitcoin ETF saw over $1 billion in inflows for the first time since its January launch.

The inflows into IBIT made up nearly 82% of the inflows generated by the 11 United States-listed spot Bitcoin ETFs on the day, which amounted to $1.34 billion in total.

Ether posts biggest weekly gains in 6 months

Cointelegraph also reported that Ether has posted its biggest weekly gains since May 2024.

While BTC’s momentum stalled over the past 24 hours, ETH’s price reached a quarterly high, and the price action triggered a 6% uptick for the ETH/BTC chart.

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.

Into The Cryptoverse founder Benjamin Cowen stated in a Nov. 8 X post that “I think there is a solid chance the bottom is in for ETH/BTC.”