CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CryptoIntelligence 2024-11-09 15:22:00

Ether ETF Inflows Surge as ETH/BTC ‘Bottom is in’

BlackRock, the world’s largest asset manager, recorded the highest daily inflows into its spot Ether ETF in over three months. On Nov. 8, BlackRock’s iShares Ethereum Trust ETF (ETHA) saw inflows of $60.3 million, the largest since Aug. 6, when it collected $109.9 million, according to Farside data. The surge in inflows coincided with Ether’s price nearing the $3,000 mark for the first time since August, reaching $2,971, as reported by CoinMarketCap. Currently, Ether is trading at $2,970. This increase in inflows follows the recent election of Donald Trump as the 47th president of the United States, a factor that

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.