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BlackRock’s ETH ETF sees $363M inflow in biggest day of gains this month


by Nellius Irene
for CryptoPolitan
BlackRock’s ETH ETF sees $363M inflow in biggest day of gains this month

BlackRock’s Ethereum ETF gained 80,768 ETH worth $363 million on September 15, marking its biggest one-day inflow in a month and showing a strong rebound after a week of heavy sell-offs.

Data shows BlackRock’s Ethereum ETF (ETHA) saw record inflows that raised its daily trading volume to $1.5 billion. This was a sharp comeback from last week’s heavy outflows that shook crypto markets.

BlackRock’s ETH fund records its strongest inflow in September

BlackRock’s Ethereum ETF lost about $787 million between September 5 and September 12 as money moved out of the product. Analysts said these numbers showed investors were losing interest in Ethereum and moving back to Bitcoin.

However, the sharp turnaround with $363 million in fresh inflows shows that a temporary response to market pressure may be responsible for the earlier withdrawals. 

BlackRock’s ETH ETF attracts $363M in biggest daily inflow this month
BlackRock’s ETHA led Ethereum ETFs yesterday. Source: SoSoValue

Net inflows reached $638 million across all spot crypto funds last week, proving institutional investors were still interested in Ethereum. Fidelity’s Ethereum ETF, known as FETH, attracted the biggest share with $381 million in new capital, pushing its total inflows since launch to $2.86 billion.

BlackRock’s ETHA added $165 million during that period, while Grayscale’s ETHE and Bitwise’s ETHW received smaller but steady inflows.  Their numbers may not seem large enough, but the important thing is that none of the big Ethereum funds experienced outflows. These figures prove that institutional investors held or added to their positions instead of pulling money out. 

By September 12, all Ethereum ETFs had a combined value of assets of $30.35 billion, with BlackRock’s $17.25 billion under management (about 3% of Ethereum’s total market value).

When a firm the size of BlackRock makes moves that involve hundreds of millions of dollars in a single day, it affects the entire market and could represent a turning point that could help call back the momentum in Ethereum ETFs.

Ethereum price falls despite ETF growth

Ethereum’s price dropped by 2.5% so the high inflows did not have much effect. 

The MACD histogram showed neither buyers nor sellers have control, and the balance could shift quickly depending on whether Ethereum holds key support levels. Analysts warn that Ethereum’s prices could drop further if the token falls below $4,400, as traders would sell fast to avoid losses. 

Ethereum’s ecosystem currently has a stablecoin supply of $166 billion as investors, developers, and users still build on and rely on Ethereum for financial operations. 

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Read the article at CryptoPolitan

Read More

Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump

Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump

The Ethereum price remains steady near the $3,900 level after multiple failed attempt...
ETH whales buy the dip after taking profits

ETH whales buy the dip after taking profits

Ethereum whales resumed accumulation after dumping 1.36M ETH earlier this month.

BlackRock’s ETH ETF sees $363M inflow in biggest day of gains this month


by Nellius Irene
for CryptoPolitan
BlackRock’s ETH ETF sees $363M inflow in biggest day of gains this month

BlackRock’s Ethereum ETF gained 80,768 ETH worth $363 million on September 15, marking its biggest one-day inflow in a month and showing a strong rebound after a week of heavy sell-offs.

Data shows BlackRock’s Ethereum ETF (ETHA) saw record inflows that raised its daily trading volume to $1.5 billion. This was a sharp comeback from last week’s heavy outflows that shook crypto markets.

BlackRock’s ETH fund records its strongest inflow in September

BlackRock’s Ethereum ETF lost about $787 million between September 5 and September 12 as money moved out of the product. Analysts said these numbers showed investors were losing interest in Ethereum and moving back to Bitcoin.

However, the sharp turnaround with $363 million in fresh inflows shows that a temporary response to market pressure may be responsible for the earlier withdrawals. 

BlackRock’s ETH ETF attracts $363M in biggest daily inflow this month
BlackRock’s ETHA led Ethereum ETFs yesterday. Source: SoSoValue

Net inflows reached $638 million across all spot crypto funds last week, proving institutional investors were still interested in Ethereum. Fidelity’s Ethereum ETF, known as FETH, attracted the biggest share with $381 million in new capital, pushing its total inflows since launch to $2.86 billion.

BlackRock’s ETHA added $165 million during that period, while Grayscale’s ETHE and Bitwise’s ETHW received smaller but steady inflows.  Their numbers may not seem large enough, but the important thing is that none of the big Ethereum funds experienced outflows. These figures prove that institutional investors held or added to their positions instead of pulling money out. 

By September 12, all Ethereum ETFs had a combined value of assets of $30.35 billion, with BlackRock’s $17.25 billion under management (about 3% of Ethereum’s total market value).

When a firm the size of BlackRock makes moves that involve hundreds of millions of dollars in a single day, it affects the entire market and could represent a turning point that could help call back the momentum in Ethereum ETFs.

Ethereum price falls despite ETF growth

Ethereum’s price dropped by 2.5% so the high inflows did not have much effect. 

The MACD histogram showed neither buyers nor sellers have control, and the balance could shift quickly depending on whether Ethereum holds key support levels. Analysts warn that Ethereum’s prices could drop further if the token falls below $4,400, as traders would sell fast to avoid losses. 

Ethereum’s ecosystem currently has a stablecoin supply of $166 billion as investors, developers, and users still build on and rely on Ethereum for financial operations. 

Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.

Read the article at CryptoPolitan

Read More

Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump

Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump

The Ethereum price remains steady near the $3,900 level after multiple failed attempt...
ETH whales buy the dip after taking profits

ETH whales buy the dip after taking profits

Ethereum whales resumed accumulation after dumping 1.36M ETH earlier this month.