rewrite this title Blackrock crosses $3 billion in Ether ETF inflows

Blackrock’s ETHA, the largest Ethereum Exchange Traded Fund (ETF) by inflows has crossed $3 billion in net inflows since its launch back in July. 

At the time of the report, the total inflow recorded by the Ether ETF product stands at $3.18 billion surpassing the second-biggest Ethereum ETF product by more than double. 

Blackrock surprisingly holds the Title in the Bitcoin ETF category as well revealing the heavy commitment of the Global asset manager to cryptocurrencies. 

Blackrock’s ETHA is trailed by Fidelity’s FETH which recorded an inflow of $1.37 billion since launch. 

Other notable mentions include Grayscale’s ETH which pulled in $606 million since launch and Bitwise’s ETHW which recorded a total of $406 million in inflows since launch. 

The main highlight of the nine Ethereum ETFs since they were launched in Late July is the staggering volume of Outflows on one of the ETF products. 

Grayscale’s ETHE recorded a staggering $3.5 billion in outflows since launch erasing most of the gains made by the other ETF products. 

$14.1 million in Inflows 

Yesterday witnessed minimal trading activity amongst Ethereum ETF with the nine ETF products pulling in a miserly $14 million. 

Trading activity was recorded on only two of the nine ETF products. 

Grayscale’s ETHE recorded an inflow of $7.2 million while Fidelity’s FETH pulled in $6.9 million. This takes the total net inflow for the day to $14.1 million. 

$13.7 billion total net assets 

The total net assets of the nine Ethereum Spot ETFs hit $13.7 billion as of yesterday according to Sosovalue. 

Total Net Assets refers to the total net value in US dollars of all assets held by all U.S. Ethereum Spot ETFs at a specific point in time. This value is indicative of the total asset scale of the ETFs.