BlackRock's Spot Ether ETF Investors Bought the Dip as Ether Tanked
BLKBlackRock(BLK) Investopedia·2024-08-07 02:45

Key TakeawaysEther fell to a low of 2,116yesterday,adeclineof262,116 yesterday, a decline of 26% from the previous day's high.Despite the drop, spot ether ETFs saw 48.8 million in inflows on Monday, with 47.1millionofthattotalflowingintoBlackRock′sETHA.ThebitcoinpricealsofellonMonday;however,spotbitcoinETFssaw47.1 million of that total flowing into BlackRock's ETHA.The bitcoin price also fell on Monday; however, spot bitcoin ETFs saw 168.4 million in outflows. Spot ether exchange-traded funds (ETFs) reported their second-best day of inflows since their July 23 launch on Monday, even as ether (ETHUSD) prices crashed amid a broad market ...