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    Rising Investments in US Ether ETFs with BlackRock Leading the Charge

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    More funds are being invested into Ether (ETH) exchange-traded funds (ETFs) in the U.S., particularly BlackRock’s fund. On 12 November, nine such funds saw a combined $135.9 million in net inflows, after a record $295 million the previous day. BlackRock’s iShares Ethereum Trust (ETHA) reported the second-largest inflow since its inception, bringing its total to $1.67 billion. Other Ethereum ETFs have also performed well, contributing to nearly $650 million in inflows over five days. ETF Store President Nate Geraci highlights the significance of the partnership between cryptocurrency and ETFs.

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    More and more money is flowing into Ether (ETH) exchange-traded funds (ETFs) based in the U.S., with BlackRock’s fund seeing its second biggest cash influx since its launch in July. On November 12, nine such funds experienced a combined $135.9 million in net inflows, hot on the heels of a record $295 million the previous day.

    These big money days have tipped the balance for these nine funds — they are now netting a cool $107.2 million in positive flow, a first since their inception. They’ve even managed to bounce back from Grayscale’s Ethereum Trust’s net outflows of $3.1 billion, despite the Trust losing another $33.2 million.

    BlackRock’s iShares Ethereum Trust (ETHA) reported the second largest inflow since it started, fresh off the heels of its record $266.5 million inflow back in July. This fund was one of the top six ETF launches in 2024 and to date, it’s pulled in a hefty $1.67 billion. It hasn’t reported a net outflow day t yet.

    Various Ethereum ETFs have also been performing well. The Bitwise Ethereum ETF (ETHW) saw an inflow of $17 million, while Grayscale’s Ethereum Mini Trust (ETH) managed $12.7 million, and a few smaller influxes for Ark 21Shares and VanEck’s funds. On top of all this, Ether ETFs are enjoying their fifth straight day of cash inflows, with nearly $650 million getting pumped into these funds over this period.

    As monumental as all this sounds, ETF Store President Nate Geraci thinks that the marriage of crypto and ETFs is still the most interesting thing happening inasset management at the moment. He says it brings in everybody – from big asset managers to politicians and regulators. He also believes ETFs are basically mainstream’s bridge to access crypto and once that bridge is built, there’s no looking back.

    Ether is currently on fire – it has gone up 32% in just one week, reaching a bit over $3,400 on November 12. Spot Bitcoin ETFs are not to be left behind either, raking in a solid $817.5 million in inflows on November 12 alone. All in all, things are looking up for these funds.

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