BlackRock's Ethereum ETF (ETHA) has been a dominant force in the US Ether ETF market, accumulating over $2.6 billion in net inflows since its inception. This impressive figure highlights the ETF's significant influence and appeal among investors seeking exposure to Ethereum.
The ETF recently set a new record for the highest-ever daily inflows, reporting $292 million on Thursday, which pushed its net inflows to beyond $428 million. This surge indicates heightened investor interest and confidence in the Ethereum market.
Currently, the price of Ethereum is hovering around $3,900, leading to speculation about whether it could soon reach the $5,000 mark. This potential price increase is attracting attention among both individual and institutional investors, eager to capitalize on Ethereum's growth prospects.
