BlackRock’s IBIT Leads Spot Ethereum ETFs To Highest Net Daily Inflows Since February
The spot Ethereum ETF (exchange-traded fund) belonging to asset management giant BlackRock led the US funds to their highest net daily inflows since February yesterday. BlackRock’s IBIT saw $163.6 million enter its reserves during yesterday’s trading session, as the funds collectively recorded $240.3 million inflows on the day. This is the highest net daily inflows recorded by the ETH funds since Feb. 4, according to data from Farside Investors. Spot Ethereum ETFs Continue Impressive Inflow Streak Yesterday’s net daily inflows is not only the highest since February, it is also a continuation of the funds’ impressive streak. Since May 16, the US spot ETH ETFs have posted net daily inflows. The only exception is May 26, which is Memorial Day in the US. BlackRock’s IBIT, which continued to dominate during that period, was not the only fund to record net daily inflows on June 11. Fidelity’s FETH also posted $37.3 million inflows yesterday, whi...