The post BlackRock’s Ethereum ETF, ETHA, enters the top 15 ETFs appeared on BitcoinEthereumNews.com.

BlakcRock’s Ethereum ETF, ETHA, now features in the list of top 15 ETFs among more than 330 ETFs launched. Interestingly, it took ETHA only one week to achieve this feat, which stems from inflows that BlackRock has banked within 7 days. Nate Gaerci, the President of The ETF Store, first reported the development through a social media post. That said, as of July 30, 2024, the collective cumulative flow of Spot Ether ETF stands at -$406.4 million. Grayscale’s ETHE heavily influences this outflow. Every other Spot Ether ETF has recorded inflows. Since the beginning, ETHE has had an impact on net flows. The first day saw a net outflow of $484.1 million, followed by $326.9 million. BlackRock’s ETHA can maintain the flow right from the start. It was at $266.5 million on July 23, 2024, and is $118 million as of July 30, 2024. The lowest mark it hit was $17.4 million on July 24, 2024. While there are fluctuations, ETHA has refused to see an outflow.  In just one week, ETHA has established itself as a leading ETF. The total net inflow of BlackRock’s Ether ETF is $618.2 million as of July 30, 2024. It charges a fee of 0.25%, which is comparatively higher. Franklin’s EZET charges 0.19%. Grayscale’s ETHE imposes a fee of 2.5%. With heavy outflows, ETHE has been pulling the Spot Ether ETF market down, and chances are that it will soon find a shore to rest. Analysts predict that the trend is likely to reverse as Grayscale’s ETH ETF subsides this week. Assuming this occurs, the market will see a shift in the trajectory and price of the digital asset. ETHE has reported a net outflow (cumulative) of $1,843.8 million. That has hit the market hard—to the extent that the total cumulative net outflow has…

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Filed under: News - @ July 31, 2024 10:18 am