BlackRock's iShares Ethereum Trust Surpasses $1 Billion in Net Inflows, Becoming First Among 11 Issuers to Reach Milestone
BlackRock's iShares Ethereum Trust (ETHA) has become the first among 11 issuers to reach $1 billion in cumulative net inflows, according to data. However, Ethereum ETFs as a whole have seen cumulative net outflows of over $440 million, underperforming compared to bitcoin ETFs. BlackRock's bitcoin fund even ranked among the top five ETFs for 2024 inflows. ETHA holds over $860 million in net assets, surpassed only by Grayscale’s mini ether trust (ETH) and Ethereum trust (ETHE).
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