BlackRock drives a $287 million rebound in the Ether ETF after strong outflows
16:15 ▪ 4 min read ▪
Learn more ▪ Altcoins
After nearly a week of withdrawals, the U.S. spot Ether exchange-traded funds (ETFs) experienced a sharp turnaround on Thursday as investors injected $287.6 million. The rebound came after four consecutive days of outflows totaling more than $924 million, indicating that institutional appetite for Ether may be regaining momentum.
In summary
The influx of $233.5 million from BlackRock boosts Ether ETFs to $12 billion in net institutional demand.
Corporate treasuries now hold 4.10 million ETH valued at $17.66 billion, led by SharpLink's purchase.
The debate grows as institutions hoard ETH, raising concerns about decentralization risks.
BlackRock leads the recovery
BlackRock's iShares Ethereum Trust was responsible for most of the inflows, attracting $233.5 million in a single day. According to data from SoSoValue, Fidelity's Ethereum Fund followed with $28.5 million, while other issuers contributed around $6 million. This rebound pushed the accumulated net inflows for Ether ETFs above $12 billion, underscoring renewed confidence among large-scale investors.
Significantly, the new inflows increased total ETF reserves to 6.42 million ETH, valued at $27.66 billion. This represents approximately 5.31% of the circulating supply of Ether. The movement comes just days after one of the largest withdrawals in a single session this month, when $429 million left on Tuesday.
