The total inflow of Ether spot ETFs in the United States has turned positive as BlackRock's fund recorded the second-largest net inflow since its launch in July.
On November 12, nine Ether spot ETFs had a total net inflow of $135.9 million, following a record inflow of $295 million the previous day, according to data from Farside Investors.
Two consecutive days of positive capital flow have reversed the net flow of the nine funds, reaching a total positive of $107.2 million for the first time since their launch in July.
This net inflow has surpassed the $3.1 billion net outflow from Grayscale's Ethereum Trust (ETHE), which continues to lose $33.2 million.
BlackRock's iShares Ethereum Trust (ETHA) witnessed the second-largest inflow since its launch, with $131.4 million, just behind the record $266.5 million on July 23.
ETF Store chairman Nate Geraci commented on X that BlackRock's fund is one of the top six ETFs launched in 2024. Currently, the total capital inflow to the fund has reached $1.67 billion and has not had a single day of net outflow.
Total capital flow of Ether spot ETFs. Source: CoinGlass
Bitwise Ethereum ETF (ETHW) recorded an inflow of $17 million, Grayscale's Ethereum Mini Trust (ETH) received $12.7 million, and there was small capital participation from Ark 21Shares and VanEck funds.
Additionally, this is the 5th consecutive trading day that Ether (ETH) ETFs have received capital inflows, with a total of nearly $650 million entering the funds during this period.
In another statement on X on November 13, Geraci said that there is nothing more exciting in the current asset management space than the convergence of cryptocurrencies and ETFs, noting that this involves "the largest asset managers, politicians, and regulators, everyone."
"Remember, ETFs are just a bridge for the mainstream world to access cryptocurrencies. Once this bridge is fully built, there is no going back."
ETH has risen 32% in the past week, reaching a peak above $3,400 on November 12, and has added to the total market capitalization of the 4th largest cryptocurrency, Solana (SOL), in just five days, pushing its market capitalization above $400 billion this week.
Additionally, November 12 was also a strong day for spot Bitcoin ETFs, with a total inflow of $817.5 million, according to Farside Investors.
