Net inflows into U.S. spot ether (<a href=”https://www.coindesk.com/price/ethereum/ ” target=”_blank”>ETH</a>) exchange-traded funds (ETFs) have picked up in the past five days, with Thursday seeing a record $428.5 million.
The inflow was dominated by BlackRock’s ETHA, which collected a net $292.7 million, also a record. In the past five days, the ether ETFs have seen almost $800 million in net inflows, according to data from Farside Investors.
The flows come after the second-largest cryptocurrency by market cap has risen about 60% in the past month. It’s currently trading at around $3,900.
„Spot ether ETFs now with over $1.3 billion net inflows since July launch,” said <a href=”https://x.com/NateGeraci/status/1864839390314283184″ target=”_blank”>Nate Geraci</a>, president of the ETF Store. „They have done this despite nearly $3.5 billion of outflows from ETHE, no staking allowed, no options trading, no in-kind creation/redemption, and very limited access to ma
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