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BlackRock's fund rotation, Ethereum Spot ETF sees over $100 million inflow in a single day
Gate News bot message, since mid-May 2025, Spot Ethereum ETFs have seen continuous inflows, with daily inflows rising to over $100 million, among which BlackRock's ETHA has the largest inflow. According to Farside Investors, the inflow for ETHA is $77.2 million, followed by Fidelity's FETH with an inflow of $21 million, and Grayscale's mini Ethereum ETF (ETH) with an inflow of $8.4 million.
It is evident that BlackRock is shifting funds from Bitcoin to Ethereum, which seems to be a typical capital rotation operation. BlackRock's Bitcoin ETF (IBIT) has seen a large outflow of funds, while its Ethereum ETF (ETHA) has experienced continuous inflows at the same time. Since mid-April, the performance of ETH has consistently outperformed BTC, attracting a significant influx of institutional funds.
In addition, the share price of BlackRock iShares Ethereum Trust (EHTA) (monthly chart) rose by 45% after a large inflow. Despite this, ETHA is still down 25% year-to-date, but a recovery could be on the horizon if money continues to flow in. As of now, ETHA has $3.7 billion in assets under management and holds more than 1.4 million ETH.
Source: CoinGape