BlackRock spot Ethereum ETF hits record $1.5b inflows in 16 days.
The Ethereum market has entered a new era of optimism. BlackRock’s spot Ethereum ETF has set the pace for an extraordinary resurgence after recording a staggering 16-day streak culminating in a jaw-dropping $1.5 billion since November 20. This momentum builds on its $1.7b haul since launching in July, showcasing investor appetite for Ethereum.
Ethereum’s post-election rally and the renewed interest in blockchain innovation have revitalized investor sentiment. Notably, Ethereum’s price surged past $4,000 following these record inflows. In fact, BlackRock’s U.S. head of thematic ETFs, Jay Jacobs, thinks the inflow is merely the “tip of the iceberg.”