BlackRock Swoops in with $640 Million ETH ETF Inflow, Records Set for Spot Ethereum

Institutional investors have driven a record-breaking $1 billion inflow into Ethereum ETFs on Monday. This marks the highest single-day inflow since the products launched last year. Blackrock’s ETHA fund led the charge, surging to a new daily inflow record with a whopping $640 million purchase, bringing its total inflows over $10 billion in just a short time. Fidelity’s FETH fund also hit a new daily high of $277 million, while Grayscale’s mini Ethereum trust saw an inflow of $66 million. This surge follows Bitmine reaching the milestone of accumulating 1 million ETH in their holdings on the same day.