BlackRock Buys 150,000 ETH: ETFs See Record $1 Billion in Inflows

Key Points

1. Nine US-listed spot Ether ETFs recorded an aggregate inflow of $1.02 billion on Monday, the highest since their mid-2024 launch, with institutional investors acquiring around 240,000 ETH.

2. BlackRock’s ETHA fund led with a record $640 million inflow, accumulating over 150,000 ETH, while Fidelity’s FETH fund saw a $277 million inflow and Grayscale’s mini Ethereum trust added $66 million.

3. The five consecutive trading days of inflows totaled $1.8 billion, bringing the cumulative inflow for Ether ETFs to $10.8 billion.

4. The surge coincided with Bitmine’s announcement of accumulating 1 million ETH and a near four-year high in ETH prices, while Bitcoin ETFs saw a comparatively lower inflow of $178 million.

5. Despite the strong inflows, Bitcoin’s price retreat to $118,600 may result in outflows for spot BTC ETFs.