Recent data shows that BlackRock's iShares Ethereum Trust (ETHA) has registered record inflows, indicating increasing institutional interest in Ethereum.
Record Inflows in iShares Ethereum Trust
On Wednesday, BlackRock's iShares Ethereum Trust bolstered its assets by $489 million, amounting to 148,585 ETH. This marks the highest inflow level since the fund's launch in July 2024. Additionally, record trading volumes of $1.8 billion were achieved, underscoring the growing interest from institutional investors in this asset.
General Growth Trends of Ethereum ETFs
Additionally, the total inflow across all Ethereum ETFs reached a record of $720 million in a single day, exceeding the previous mark of $430 million. Fidelity’s fund (FETH) saw $113 million in inflows, the highest since December 2024, while Grayscale's mini Ethereum Trust recorded $54 million in inflows, its best since November 2024.
Ethereum Prices Surge to Six-Month High
At the time of writing, Ethereum's price had risen to $3,350 following a 7.5% increase for the day, the highest level since January 18. Over the past fortnight, the asset gained 30%, while Bitcoin noted an 8.5% increase.
The increase in inflows and surging prices for Ethereum reflect significant investor interest and ongoing momentum in the cryptocurrency market.
