Five months after Ethereum ETFs debuted, investors’ allocations to the products are accelerating, with BlackRock’s $3.6 billion offering leading the charge.
BlackRock’s spot Ethereum ETF—the iShares Ethereum Trust—capped off a 16-day streak of net inflows with a $200 million bump Thursday, pulling in $1.5 billion since November 20, according to CoinGlass. Prior to that, the ETF had seen $1.7 billion in net inflows since its July debut, encompassing 84 trading days.
Spot Bitcoin ETFs have been crowned a blowout success this year, attracting billions upon billions of dollars worth of inflows since launching in January. Though the products have helped turn Bitcoin into a Wall Street darling, the industry’s second largest coin by market cap hasn’t had the same run, though spot Ethereum ETFs saw a burst of post-election momentum,
Still, the iShares Ethereu...
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