BlackRock’s ETH ETF Ranks Second in Inflows Among 4400 ETFs

For the week of August 18-22 iShares Ethereum Trust ETF (ETHA) from the largest asset manager BlackRock raised $1,24 billion, ranking second among more than 4400 exchange-traded funds.

According to NovaDius Wealth President Nate Geraci, only ETF Vanguard has outpaced ETHA in weekly inflows on the S&P 500 index, with $1,711 billion. It believes ETHA is among the “heavyweights” in the weekly inflow rankings, “demonstrating institutional investor interest in Ethereum.”

Indeed, according to market data, capital flowed from Bitcoin to эфириум. While the outflow of funds from bitcoin ETF up to August 28 amounted to $800 million, the inflow of funds into ETH-ETF for the same period amounted to $4 billion.

The difference in inflows shows how large investors are diversifying their crypto holdings beyond Bitcoin. Retail investors are also showing clear interest in the leading altcoin. According to DeFiLlama, monthly ETH spot trading volume reached a record $29 billion as of August 135, surpassing the previous high of $117,6 billion set in May 2021.

Corporate adoption of the altcoin has also accelerated. From August 1 to August 29, corporate balances grew from 916,268 ETH to 4,438,352 ETH, or from $2,3 billion to $19,1 billion.

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