The asset management giant's iShares Ethereum Trust captured the lion's share of a broad inflow day for US spot Ethereum ETFs. The bulk of the capital, roughly $34.3 million, landed in BlackRock’s iShares Ethereum Trust (ETHA). Fidelity’s spot Ethereum product, FETH, picked up an additional $2.8 million. The $34.3 million that flowed into ETHA on this single day represented about 90% of total Ethereum ETF inflows. Context and what to watchThe $38 million inflow day lands against a backdrop where Ethereum ETF flows have been inconsistent.