BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

BlackRock’s Ethereum ETF Sees Record Inflows as Ether Nears $3,300

by Matoy
November 10, 2024
in BREAKING NEWS, CRYPTO
Reading Time: 2 mins read
A A
9
SHARES
158
VIEWS
Share on XShare in TelegramShare on Reddit
  • BlackRock’s iShares Ethereum Trust ETF recorded $60.3 million in daily inflows, a 94-day high.
  • Ether neared $3,300, marking its highest level since August, fueling investor interest.
  • Ethereum’s recent gains suggest growing strength, with analysts eyeing a potential trend reversal.

BlackRock’s iShares Ethereum Trust ETF (ETHA) witnessed its highest daily inflows in over three months, attracting $60.3 million on Nov. 8, per Farside data. This surge comes as Ether’s price hovers near $3,300, a level last approached in August. BlackRock’s spike in inflows occurred just after Donald Trump was confirmed as the next U.S. president, a factor analysts link to increased investor optimism.

Other Ethereum ETFs also experienced notable inflows on the same day: Fidelity’s Ethereum Fund added $18.4 million, VanEck’s Ethereum Fund gained $4.3 million, and Bitwise’s Ethereum ETF attracted $3.4 million. BlackRock’s spike in inflows follows a strong performance for its Bitcoin ETF, which recently hit $1 billion in daily inflows for the first time since launching in January.

Source: Farside

Ether Sees Strong Weekly Gains, Analysts Predict Trend Shift

Ether also posted its largest weekly gains since May 2024, drawing attention from traders and investors alike. The ETH/BTC pair rose by 6% in recent days, as Bitcoin’s price momentum slowed. This shift has analysts speculating about a potential trend reversal, with Into The Cryptoverse founder Benjamin Cowen suggesting that Ethereum may have bottomed against Bitcoin.

Broader Market Implications for Ether

With Ethereum showing signs of increased strength, market observers believe Ether could further solidify its position. Ethereum’s recent gains signal strong interest from investors, underscoring its potential for further growth as it briefly leads Bitcoin in performance, adding to the optimism surrounding Ether’s next milestones.

Tags: blackrock
Tweet2ShareShare
Previous Post

FTX Seeks Over $100 Million From SkyBridge in Legal Battle Over Investments

Next Post

Ethereum’s Vitalik Buterin Introduces “Info Finance” to Transform Data Sharing and Trust

DON'T MISS THESE! HOT OFF THE PRESS

Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Connecticut Bans Bitcoin and Crypto for Government Funds
BITCOIN

Connecticut Bans Bitcoin and Crypto for Government Funds

July 1, 2025
Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme
CRYPTO

Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme

July 1, 2025
FARTCOIN Surges 148%—Is the Meme Just the Beginning?
CRYPTO

FARTCOIN Surges 148%—Is the Meme Just the Beginning?

July 1, 2025
Load More

Related News

Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.