Ethereum

ETF COIN

BlackRock

The total flows into United States-based spot Ether exchange-traded funds (ETFs) flipped to a net positive as BlackRock’s fund recorded its second-biggest net inflow since launching in July.
On Nov. 12, the nine <a href="https://cointelegraph.com/learn/spot-ethereum-etf" rel="noopener noreferrer nofollow" target="null">spot Ether ETFs</a> jointly saw $135.9 million in net inflows, following a record <a href="https://cointelegraph.com/news/spot-ether-etfs-record-295-million-inflows-ether-rallies-8-percent" rel="noopener noreferrer nofollow" target="null">$295 million inflow</a> on Nov. 11, <a href="https://farside.co.uk/eth/" rel="noopener noreferrer nofollow" target="null">according</a> to data from Farside Investors.&nbsp;
The back-to-back inflow days tipped the nine funds’ total net flows to a net <a href="https://cointelegraph.com/news/ether-3-2k-breakout-eth-etf-inflows-positive-post-election" rel="noopener noreferrer nofollow" target="null">positive</a> $107.2 million for the first time since they launched in July.
The net inflows have now overcome $3.1 billion in net outflows from Grayscale’s Ethereum Trust, which continued its streak — losing $33.2 million.
BlackRock’s iShares Ethereum Trust saw its second-largest inflow since launch, with $131.4 million, surpassed only by its record&nbsp; $266.5 million inflow on July 23.
ETF Store president Nate Geraci <a href="https://x.com/NateGeraci/status/1856538734331650094" rel="noopener noreferrer nofollow" target="null">commented</a> on X that the <a href="https://cointelegraph.com/news/blackrock-ether-etf-inflows-significant-eth-price-united-states" rel="noopener noreferrer nofollow" target="null">BlackRock fund</a> was a top-six ETF launch in 2024. It has now seen $1.67 billion in total inflows and has yet to have a net outflow day.
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 <img alt="Ethereum ETF, BlackRock" src="https://s3.cointelegraph.com/uploads/2024-11/01932411-f7c8-7da1-a7eb-0f8756713f2b" title="">
 <figcaption style="text-align: center;">
 Total spot Ether ETF flows. Source: <a href="https://www.coinglass.com/eth-etf" rel="noopener noreferrer nofollow" target="null">CoinGlass</a>&nbsp;
 </figcaption>
</figure>
The Bitwise Ethereum ETF had an inflow of $17 million, Grayscale’s Ethereum Mini Trust saw $12.7 million, and there were minor inflows for Ark 21Shares and VanEck’s funds.&nbsp;
Additionally, it was the fifth consecutive trading day of inflows for Ether (<a href="https://cointelegraph.com/ethereum-price" rel="noopener noreferrer nofollow" target="null">ETH</a>) ETFs, with a total of almost $650 million entering the funds over that time.
In a separate Nov. 13 X post, Geraci <a href="https://x.com/NateGeraci/status/1856546851668845027" rel="noopener noreferrer nofollow" target="null">said</a> that there is “nothing more interesting in asset management right now than the intersection of crypto and ETFs,” adding that it involves the “largest asset managers, politicians, regulators, everyone.”
<blockquote>
 “Remember, ETFs are simply a bridge for the mainstream to access crypto. Once that bridge is fully built, no going back.”
</blockquote>
Related: <a href="https://cointelegraph.com/news/trump-presidency-first-staked-ether-etf-nansen-analyst" rel="noopener noreferrer nofollow" target="null">Trump win could fast-track first staked Ether ETF — Nansen analyst</a>
ETH surged 32% over the past week to just above $3,400 on Nov. 12, which pushed its market cap to more than $400 billion.&nbsp;
It was also another <a href="https://cointelegraph.com/news/bitcoin-price-rally-spot-etfs-inflows-nov-2024" rel="noopener noreferrer nofollow" target="null">solid day</a> for spot Bitcoin ETFs, with the aggregate inflow totaling $817.5 million on Nov. 12, according to Farside Investors.
Magazine: <a href="https://cointelegraph.com/magazine/tokenization-projects-transforming-farmers-lives-africa/" rel="noopener noreferrer nofollow" target="null">Real life yield farming: How tokenization is transforming lives in Africa</a>

Ethereum ETF total flows flip net positive after runner-up inflow day for BlackRock

Cointelegraph

Other articles published on Nov 13, 2024

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