BlackRock's ETHA becomes the first Ethereum spot ETF to surpass $1 billion in net inflows

ChainCatcher news, BlackRock's iShares Ethereum Trust (ETHA) has surpassed $1 billion in cumulative net inflows, becoming the first issuer among 11 to reach this milestone.
ETHA holds over $860 million in net assets, second only to Grayscale's Mini Ethereum Trust (ETH) and Ethereum Trust (ETHE).
According to SoSoValue data, ETHA's net inflows exceed the total inflows of the next three ETFs combined. Since the fund's launch on July 23, Fidelity's FETH has seen a total inflow of $367 million, Bitwise's ETHW has seen $310 million, while Grayscale's ETH has seen $227 million. Other ETFs have net inflows of less than $60 million.