BlackRock Drives Ethereum ETF Inflows to Record Highs

BlackRock’s influence on the cryptocurrency market is evident as its Ethereum exchange-traded fund (ETF), ETHA, recorded unprecedented net inflows of $1.02 billion in U.S. markets. This milestone marks a significant surge for Ethereum ETFs, surpassing previous records and bringing total inflows to over $10.83 billion since May. This influx was driven by robust demand from institutional investors, particularly BlackRock’s ETHA fund, which attracted $639.8 million in new investments on Monday alone.