Total flows into U.S.-based spot Ether exchange-traded funds (ETFs) have turned net positive following significant inflows into BlackRock’s fund. On November 12, these funds collectively recorded $135.9 million in net inflows, contributing to a total of almost $650 million entering Ether ETFs over five trading days. This surge coincided with Ether’s price increasing over 30%, reaching just above $3,400. The inflows have now surpassed $3.1 billion in outflows from Grayscale’s Ethereum Trust. BlackRock’s iShares Ethereum Trust (ETHA) experienced its second-largest inflow at $131.4 million, following a record inflow earlier in July. The recent momentum reflects a notable growing interest in Ether ETFs, which have now seen sustained inflows for five consecutive trading days. Various funds, including Bitwise and Grayscale's Ethereum Mini Trust, also contributed to the positive trend, indicating a shift in investor sentiment toward Ethereum amidst ongoing discussions about the intersection of traditional asset management and cryptocurrencies.

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