Ethereum ETFs Smash Records: Net Inflows Signal Investor Frenzy
After a month-long run of increases, U.S.-listed exchange-traded funds that follow Ethereum have reached yet another significant milestone. According to SoSoValue data, spot Ethereum ETFs saw a $1.02 billion net inflow on August 11. The figures continue a month-long trend of increasing momentum and represent the funds’ greatest one-day inflow since their launch.
The majority of the flows were drawn by BlackRock‘s ETHA, which brought in about $640 million, and Fidelity’s FETH, which brought in about $277 million. While the rest reported inflows of less than $10 million, other issuers reported more modest results, with Grayscale’s ETH and ETHE attracting $66 million and $13 million, respectively.
Ethereum Rallies 47% in a Month as ETF Flows Stay Strong
Combined ETF trading volume surpassed $2.7 billion, marking one of the strongest sessions in months. All nine U.S. products have now posted five consecutive days of positive flows, signaling strong institutional interest and demand. The record influx of funds came as ETH broke through year-long resistance to cross the $4,000 level, reaching a multi-month high.
At the time of writing, Ethereum trades at $4,278, just 9.78% shy of its all-time high. Its performance over the past week has been strong, with the asset up 23.67% and 47.91% on the week and month, respectively.
ETH Could Break Records as Whales and Companies Boost Holdings
With the growing assumption that Ethereum may retest and even surpass its all-time high of $4,815, analysts and investors are establishing ambitious price targets for the cryptocurrency. Several considerations support these estimates. The positive prognosis is being reinforced by massive acquisitions by corporate holdings and whales, in addition to record ETF inflows. With whale wallets continuously growing their holdings, corporate ETH holdings have now topped $14 billion. It is anticipated that the combined buying activity would boost market confidence by acting as a trigger for ETH’s ascent to its all-time high
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