BlackRock Ethereum ETF sees a record 80,768 ETH inflow, while Ethereum gains 79.13% in 90 days despite short-term volatility.
BlackRock Ethereum ETF (ETHA) has posted a record inflow of 80,768 ETH, approximately $363 million, marking its largest intake in the last 30 days. This surge in investment follows a challenging week of heavy sell-offs, reflecting renewed institutional appetite for Ethereum exposure.
BlackRock Ethereum ETF Sees Major Inflows
On September 15, BlackRock’s Ethereum ETF experienced a record inflow of 80,768 ETH, pushing its trading volume to $1.5 billion.
The move represents the largest one-day intake for the fund in a month, signaling a rebound in institutional demand for Ethereum. This fresh influx of capital follows a volatile period for the fund, which saw significant outflows between September 5 and 12, totaling $787 million.
Despite the prior outflows, the latest data shows that BlackRock’s Ethereum ETF is recovering strongly. The firm’s ETHA was not the only fund to see inflows, with Fidelity’s FETH also leading the way with $381 million.
Collectively, Ethereum ETFs, including BlackRock’s, managed $30.35 billion in assets by September 12, with BlackRock holding the largest share at $17.25 billion, about 3% of Ethereum’s market cap.
Short-Term Price Pressure for Ethereum
While BlackRock’s Ethereum ETF has seen strong inflows, Ethereum’s price action has shown short-term volatility.
Over the past 24 hours, ETH has fallen by 0.61%, reflecting some pressure on the asset. However, Ethereum has shown a positive trend over the last 7 days, with a 4.4% increase, and has gained 1.61% over the past 30 days.
Technical indicators suggest Ethereum could continue to experience short-term fluctuations, but the overall trend remains positive over longer periods.
Ethereum has gained 79.13% in the last 90 days and 118.55% over the last 180 days, indicating strong long-term growth. While the short-term price has faced slight pressure, the broader trend supports Ethereum’s stability and potential for further growth.
Growing Interest in Ethereum Amid Volatility
Despite the recent price fluctuations, Ethereum continues to play a crucial role in the decentralized finance (DeFi) ecosystem. The total supply of stablecoins on the Ethereum network recently hit a record $166 billion, highlighting its ongoing importance.
Looking ahead, BlackRock is also exploring ways to tokenize ETFs using blockchain technology. This move could further integrate traditional financial products with the growing blockchain space, potentially increasing exposure to Ethereum and other digital assets.
BlackRock’s record inflow into its Ethereum ETF indicates strong institutional confidence in Ethereum, even amid market volatility. The ETF’s rebound could contribute to stabilizing the broader crypto market in the coming weeks.