BlackRock’s Ethereum ETF Draws Record $546 Million in Inflows

Amid a sharp rise in the price of Ethereum, the world’s second-largest cryptocurrency by market capitalization, daily net inflows into BlackRock's exchange-traded fund ETHA reached a record $546.7 million.

The chart below illustrates a surge in fund inflows over recent days.

Cumulative net inflows since ETHA's launch have reached $7.66 billion, while assets under management (AUM) now stand at $8.47 billion.

Across all spot Ethereum ETFs, inflows totaled $602 million in the past 24 hours. This positive trend has now continued for 10 consecutive weeks. Combined AUM for these ETFs is currently $17.32 billion.

Interest in Staking Options

Capital inflows may have intensified in response to BlackRock's recent filing with the SEC seeking to add a staking feature to ETHA. This initiative comes shortly after the REX-Osprey Solana Staking ETF entered the market with a similar option.

BlackRock’s request was filed through Nasdaq under Rule 19b-4, a provision used by exchanges to list new funds. Previously, 21Shares, Grayscale, and other management companies filed similar proposals to update their Ethereum products.

Nasdaq has proposed using “all or part” of the ETH from the trust for staking through one or more vetted providers. According to the filing, the assets would not be pooled with other participants’ ether, and the fund would not assume the risks associated with tracking errors and blockchain forks.

The custodian and primary transaction agent for the BlackRock product is Coinbase, which is also likely to serve as the fund’s staking partner.

The REX-Osprey Solana Staking ETF, previously approved by the Commission, operates under a stricter regulatory structure based on the Securities Act of 1940. Most crypto funds, including those governed by Rule 19b-4, rely instead on the Securities Exchange Act of 1934.

So far, no staking fund has received approval under the 1934 Act model, but the SEC has expressed ongoing interest in such products. The Commission is also developing recommendations to help streamline the approval process for cryptocurrency-based ETFs.

The SEC has stated that most staking-related transactions are exempt from securities laws and do not require registration.

At the time of writing, Ethereum is trading at approximately $3,616. The asset has gained 5.3% in the past 24 hours and 20.3% over the last seven days, according to CoinGecko.