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