Net inflows into the U.S. Spot Ether (ETH) exchange-traded fund (ETF) have increased over the past five days, hitting an all-time high of $428.5 million on Thursday.
The bulk of the inflows came from BlackRock's ETHA, which raised a net amount of $292.7 million, which is also a record. The Ether ETF has seen nearly $800 million in net inflows over the past five days, according to data from Pharcyde Investors.
The move comes after the second-largest cryptocurrency by market capitalization rose about 60% over the past month. It is currently trading at around $3,900.
“The Spot Ether ETF has generated over $1.3 billion in net inflows since its launch in July,” said Nate Geraci, president of the ETF Store. “They have nearly $3.5 billion outflows from ETHE, staking is not allowed, option trading is prohibited, physical creation/redemption is prohibited, and major news agencies (and Vanguard) We did this despite having very limited access to ” ETHE is Grayscale’s Ethereum Trust.
Bitcoin (BTC) ETFs also recorded huge inflows. The net increase was $766.7 million, the largest since Nov. 21.
BlackRock's iShares Bitcoin Trust (IBIT) accounted for most of this inflow, with net inflows of $770.5 million. IBIT continues to break all kinds of records. First, assets exceeded $50 billion. It currently has $2.5 billion in five-day inflows, the most of any ETF, according to Eric Balchunas, senior ETF analyst at Bloomberg.
“IBIT has earned more dollars this year than all but two of the more than 2,800 ETFs created in the past 10 years have earned in their entire lifetimes,” Geraci said. Ta.
