BlackRock Ethereum ETF Nets $108M Inflows As Nasdaq Seeks ETHA Options Trading

Despite the global macros headwinds this week, the spot Ethereum ETFs have seen strong inflows with BlackRock’s ETHA leading the show. On Tuesday, August 6, the BlackRock Ether ETF netted more than $108 million in inflows leading the pack by a huge margin.,Despite the black Monday event where Japan’s Nikkei and Topix Indexes tanked by a staggering 12%, the BlackRock Ethereum ETF (ETHA) managed to pull over $57 million in inflows that day. On Tuesday, the net inflows across all spot Ether ETFs doubled to $99 million despite Grayscale ETHE’s $39.7 million in outflows. Besides, the Fidelity Ether ETF FETH also saw $22 million in inflows.,ETF Store President Nate Geraci said that the BlackRock Ethereum ETF could occupy a space among the 10% of top ETF launches this year in 2024 with such massive inflows. BlackRock’s Bitcoin ETF IBIT already occupies a spot in the top ten ETF launches this year. Besides, the Bitcoin ETF outflows have also been on a dropping trajectory hinting at positive developments ahead.,,Also Read: Bitwise Bitcoin ETF: $40B Wealth Manager Taps BITB For BTC Investments,On Tuesday, August 6, the Nasdaq International Securities Exchange along with BlackRock, proposed a rule change to the USE SEC to allow the options trading of the iShares Ethereum Trust (ETHA). The filing submitted to the SEC reads:,Comments on the proposal are due within 21 days of the filing. The final decision by the US SEC on the proposal will happen sometime around early April 2025. On Tuesday, the Ethereum price bounced back above $2,500 and the global market staged a strong recovery with the US recessionary fears abating. Crypto market veterans like Justin Sun have been buying the Ethereum dips.,Also Read: Ronin Network Recovers $10M ETH, USDC Recovery Underway