BlackRock, the world's largest asset manager, recorded its largest daily inflows into its Ether ETF recently.
Record Inflows into Ether ETF
On November 8, BlackRock's iShares Ethereum Trust ETF (ETHA) saw inflows of $60.3 million, the largest since August 6, when it collected $109.9 million.
Ethereum Price Growth
The surge in inflows coincided with Ether's price hitting $2,971, nearing the $3,000 mark for the first time since August.
I think there is a solid chance the bottom is in for ETH/BTC.Benjamin Cowen
Activity of Other Ether ETFs
Other Ether-focused ETFs also saw notable daily inflows, with the Fidelity Ethereum Fund (FETH) recording $18.4 million, VanEck Ethereum Fund (ETHV) receiving $4.3 million, and the Bitwise Ethereum ETF (ETHW) seeing $3.4 million.
BlackRock's Ether ETF inflows reflect the growing interest in cryptocurrency as Ether's price continues to rise, approaching new highs.
