Markets, BlackRock, Ether, ETF, Markets, News The ETF has seen significant investor inflows, with over $1 billion collected since June, indicating bullish market sentiment for ether.
Ethereum’s native token, ether ETH, rose nearly 6% Wednesday, outperforming bitcoin (BTC), XRP (XRP) and solana’s SOL (SOL) as expected. The outperformance saw record trading activity in BlackRock’s spot ether exchange-traded fund (ETF), ETHA, listed on Nasdaq.
More than 43 million shares of ETHA changed hands Wednesday, the highest single-day tally since the fund’s debut a year ago, nearly doubling from the previous day’s total of 24 million, according to data source Yahoo Finance.
Daily volumes have been rising for over a month, as evidenced by the 30-day average, which has climbed to a record 18.83 million from 12.97 million in early June, according to data source TradingView.
The ETF has also seen brisk inflow of investor money, pointing to a bullish market sentiment for the second-largest cryptocurrency by market value. The ETF has collected over $1.20 billion in investor money since June, with the net inflows totaling $159 million on Tuesday, the biggest single-day tally since June 11, according to data source SoSoValue.
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