BlackRock's Spot Ether ETF Shatters Records with $60.3M Inflows Amidst Ethereum Surge

09.11.2024 21 times read 0 Comments Read out

BlackRock's Spot Ether ETF Sees Record Inflows

The financial world is abuzz as BlackRock, the world's largest asset manager, reported a remarkable $60.3 million in inflows into its spot Ether exchange-traded fund (ETF) on November 8th. This marks the highest daily influx since August 6th when it reached $109.9 million according to Farside data, reports Cointelegraph. The surge comes amidst Ethereum’s price nearing the significant $3K mark for the first time since August and follows Donald Trump's election as President of the United States—a factor traders believe contributed to this spike.

Vitalik Buterin Advocates Prediction Markets for Reliable News

Ethereum co-founder Vitalik Buterin has expressed his support for prediction markets like Polymarket, which he believes could revolutionize how public information is disseminated by offering more accurate insights than traditional news outlets. As detailed by TronWeekly, these platforms serve dual purposes: providing betting opportunities while also acting as real-time news sources during events such as U.S elections or Venezuela protests—often outperforming mainstream media coverage.

Solana Surpasses $200 Amid Positive Market Sentiment

A recent report from TronWeekly highlights Solana's impressive performance with SOL surpassing the $200 threshold driven by favorable market conditions and ecosystem growth initiatives including Coinbase launching wrapped Bitcoin (cbBTC) on Solana blockchain aiming at expanding DeFi space accessibilities within their network infrastructure thus addressing previous gaps left behind after soBTC collapse post-FTX debacle last year.

Tanya Koshy Joins Solana Beach School District Board

The San Diego Union-Tribune announces that Tanya Koshy will fill an open seat on Solana Beach School District board following her unopposed candidacy victory replacing long-serving trustee Julie Union. Starting in December at the organizational meeting where she’ll be sworn in, Koshy marks a new chapter in leadership under Superintendent Dr. Jennifer Burks who praised her dedication to educational excellence. Over the years, Koshy has been involved with various stakeholders to ensure transformative learning environments continue to thrive, positively impacting future generations of students, teachers, parents, administrators, and staff members.

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Article Summary

BlackRock's spot Ether ETF saw a significant $60.3 million inflow, coinciding with Ethereum nearing the $3K mark and Donald Trump's election influencing market dynamics, while Vitalik Buterin advocates for prediction markets as reliable news sources; Solana surpassed $200 amid positive sentiment, and Tanya Koshy joined the Solana Beach School District board.