Almost $650 million has entered Ether ETFs over the past five trading days as the asset surged more than 30%.
BlackRock news
Demand is surging for tokenized RWAs offering low-risk yield from Treasury bills.
Fidelity’s spot Ether ETF led the pack with $115.5 million worth of inflows on Nov. 11, while BlackRock, Grayscale and Bitwise’s Ether ETFs also saw inflows.
The significant daily inflow into BlackRock’s spot Ether ETF comes as Ether has seen its biggest weekly gains since May 2024.
Blackrock’s IBIT ETF now holds upwards of $33 billion in assets, more than the asset manager’s gold fund.
BlackRock Bitcoin ETF saw its largest day of trading activity following Donald Trump’s reelection as the president of the United States.
Some analysts expect Bitcoin’s price to surge following Donald Trump’s Nov. 5 election win.
The iShares Bitcoin Trust (IBIT) saw a rare day of outflows before Bitcoin went on to hit a new all-time high.
Franklin Templeton says this is the first tokenized money fund to launch on Coinbase’s layer-2 network.
In just 16 years, Bitcoin has grown to become the world’s 10th largest asset and the best currency for “financial freedom,” according to Tether CEO, Paolo Ardoino.