BlackRock's Ethereum ETF sets the largest single-day inflow record in 30 days! A single-day influx of $363 million, ETH is gaining momentum for a rebound.

BlackRock's Ethereum ETF recorded the largest single-day Ethereum inflow in 30 days, continuing the market recovery of the product after previous capital outflows. This phenomenon indicates that despite recent market fluctuations, institutional investors' interest in Ethereum remains strong.

BlackRock Ethereum ETF Attracts Record Funds

According to SoSoValue data, BlackRock's Ethereum ETF (ETHA) attracted new inflows of 80,768 Ether on September 15, valued at approximately $363 million. This move marks the largest single-day influx of funds for the fund in a month, pushing its trading volume up to $1.5 billion and reflecting renewed enthusiasm from investors. The surge in demand comes after a period of turbulence. Between September 5 and 12, the ETF experienced a net outflow of $787 million, exacerbating the widespread sell-off across the digital asset market.

This recovery is built on last week's warming, during which spot funds recorded a net inflow of $638 million. Among them, Fidelity's FETH led with $381 million in new funds, bringing its cumulative inflow since launch to $2.86 billion. During the same period, BlackRock's ETHA contributed $165 million, while Grayscale's ETHE and Bitwise's ETHW also saw stable but smaller inflows. Notably, there were no major funds experiencing outflows last week, indicating that institutional demand from all providers remains stable. As of September 12, the total assets under management of Ethereum ETFs have reached $30.35 billion. Among them, BlackRock holds the largest share with $17.25 billion in assets under management, accounting for about 3% of the total market capitalization of the token.

Before this move, BlackRock had shifted funds from Ethereum to Bitcoin. Its iShares Bitcoin Trust (IBIT) received an inflow of $366 million, while ETHA saw an outflow of $17.3 million. This shift indicates that the company is actively reallocating its risk exposure between the two major cryptocurrencies.

ETH price under short-term pressure

Despite the inflow of funds rebounding, the price trend of Ethereum shows weakness. This asset has underperformed the broader cryptocurrency market, falling 2.5% in the past day. Various indicators suggest that the consolidation may continue. Although the MACD histogram shows that bullish momentum is weakening, the RSI remains close to neutral levels. If the price clearly breaks below the support level of $4,400, liquidations may accelerate. However, holding this support level may enhance stability in the short term.

Continuous positive news, poised for a rebound

In other developments within its ecosystem, the total supply of stablecoins on the Ethereum network has recently climbed to a record $166 billion. This growth indicates that, even during periods of price fluctuation, Ethereum's importance as a DeFi infrastructure remains enduring. Adding momentum to BlackRock's Ethereum ETF is the company's plan to tokenize the ETF on blockchain infrastructure. Reports suggest that the company is exploring how to bring exchange-traded products linked to real-world assets on-chain. BlackRock's record inflow of 80,768 Ether provides a strong counter to the losses of the previous weeks. This may lead to some recovery in the current price slump of the token.

Conclusion

The strong inflow of funds into BlackRock's Ethereum ETF reflects institutional investors' ongoing confidence in Ethereum's long-term potential. Although the market still faces price pressure and fluctuations in the short term, the stable demand for the fund and positive developments in the Ethereum ecosystem, such as the growth in the supply of stablecoins, together form a solid foundation for optimism about its future prospects.