Ethereum ETF total flows flip net positive after runner-up inflow day for BlackRock
2024-11-13

The total flows into United States-based spot Ether exchange-traded funds (ETFs) have flipped to a net positive as BlackRock’s fund recorded its second-biggest net inflow since launching in July.
On Nov. 12, the nine spot Ether ETFs jointly saw $135.9 million in net inflows, following a record $295 million inflow the day prior on Nov. 11, according to data from Farside Investors. 
The big back-to-back positive flow days have now tipped the nine funds’ total net flows to a net positive $107.2 million for the first time since they launched in July.
The net inflows have now overcome $3.1 billion in net outflows from Grayscale’s Ethereum Trust (ETHE), which continued its streak — losing $33.2 million.
BlackRock’s iShares Ethereum Trust (ETHA) saw its second-largest inflow since launch, with $131.4 million, only surpassed by its record $266.5 million inflow on July 23.
ETF Store president Nate Geraci commented on X that the BlackRock fund was a top-six ETF launch in 2024. It has now seen $1.67 billion in total inflows and has yet to have a net outflow day.
The Bitwise Ethereum ETF (ETHW) had an inflow of $17 million, Grayscale’s Ethereum Mini Trust (ETH) saw $12.7 million, and there were minor inflows for Ark 21Shares and VanEck’s funds. 
Additionally, it is the fifth consecutive trading day of inflows for Ether (ETH) ETFs, with a total of almost $650 million entering the funds over that time.
In a separate Nov. 13 X post, Geraci said that there is “nothing more interesting in asset management right now than the intersection of crypto and ETFs,” adding that it involves the “largest asset managers, politicians, regulators, everyone.”
ETH has surged 32% over the past week to top out just above $3,400 on Nov. 12 and has added the entire market capitalization of the fourth-largest cryptocurrency, Solana (SOL), in just five days, which pushed its market cap above $400 billion this week. 
It was also another solid day for spot Bitcoin ETFs, with the aggregate inflow totaling $817.5 million on Nov. 12, according to Farside Investors.