Since its launch on July 23, BlackRock's spot Ether exchange-traded fund (ETF) has attracted $869.8 million in total inflows, according to Farside data.
On August 6 alone, the iShares Ethereum Trust (ETHA) saw inflows of $109.9 million, marking the third-largest single-day inflow for the fund as investors took advantage of Ether's 18% price drop on August 5.
Nate Geraci, President of The ETF Store, noted on X that the $870 million inflows make ETHA one of the top six ETFs launched this year. Four of the other top performers are spot Bitcoin ETFs.
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Geraci also pointed out that even with the market downturn on August 5, BlackRock's ETHA still attracted $47.1 million that day. The combined inflows from August 5 and 6 alone would place ETHA among the top 10% of ETFs launched in 2024.
On August 6, total combined inflows for spot Ether ETFs reached $98.4 million, making it the second-best day since launch. Fidelity's spot Ethereum ETF (FETH) saw the second-largest inflow at $22.5 million, followed by Grayscale Ethereum Mini Trust (ETH) and Franklin Ethereum ETF (EZET) with $4.7 million and $1 million, respectively. Grayscale's ETHE, which has higher fees, experienced an outflow of $39.7 million.
Ether's price has shown some recovery since its August 5 downturn, trading at $2,509 at the time of writing, according to BitDegree data.
The performance of Ether ETFs underscores strong investor interest despite volatile market conditions.
Meanwhile, spot Bitcoin ETFs saw outflows totaling $168.4 million on August 5.
