ETH reclaims $3,000 as BlackRock’s spot Ethereum ETF notches $300 million in record daily inflows

The price of ETH has surpassed the $3,000 level for the first time in five months as new bitcoin all-time highs breathe fresh life into the broader crypto market.

The second-largest cryptocurrency was last above $3,000 on Feb.2, having corrected sharply from a high of $4,100 in December to a low of around $1,387 in April amid the Trump "Liberation Day" tariff turmoil.

However, in contrast to BTC, ETH remains around 38% down from an all-time high of $4,878 set back in November 2021, according to The Block's Ethereum price page. ETH is currently trading for $3,024, up 8.9% during the past 24 hours.

Record daily inflows for BlackRock's Ethereum ETF

Meanwhile, BlackRock's ETHA spot Ethereum exchange-traded fund notched up a record $300.9 million in net daily inflows on Thursday as ETH was first challenging the $3,000 mark again, according to data compiled by The Block. That adds to a five-day streak now totaling $623.4 million. The previous record for ETHA was $292.7 million, set on Dec. 5, 2024.

Overall, the combined U.S. spot Ethereum ETFs attracted $383.1 million in net inflows on Thursday, with Fidelity's FETH, Grayscale's ETH and ETHE, Bitwise's ETHW, and VanEck's ETHV, also registering $37.3 million, $20.7 million, $18.9 million, $3.2 million, and $2.1 million in net daily inflows, respectively. The remaining funds saw zero flows for the day.

"We have a *new* daily inflow record for iShares Ethereum ETF… $300+mil. 2nd best day for spot Ethereum ETFs overall since July 2024 launch," Nate Geraci, president of NovaDius Wealth Management (formerly The ETF Store), noted on X. That overall record currently stands at $428.5 million, also on Dec. 5, 2024.

"Called it," Bloomberg Senior ETF analyst Eric Balchunas proclaimed in response — referencing a prior post that ETHA had registered record daily volume of over $800 million on both Wednesday and Thursday, expecting that to translate into "chunky" flow data once released.

As The Block reported earlier on Friday, the combined U.S. Spot Bitcoin ETFs recorded $1.18 billion in inflows on Thursday — marking their second-largest daily addition since launch as BTC continues to make new all-time highs above $118,000.

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