Ethereum News Today: Ethereum ETFs See Record $726 Million Inflow Led by BlackRock

Ethereum spot ETFs have experienced a significant surge, with a record inflow of $726 million, primarily driven by BlackRock. This influx coincides with the price of Ethereum (ETH) nearing $3,400, reflecting a growing institutional interest in the cryptocurrency. The surge in ETF inflows is a clear indicator of the increasing confidence in Ethereum as a strategic asset, with BlackRock’s Ethereum ETF (ETHA) attracting $499 million and Fidelity’s FETH drawing $113 million in inflows. Collectively, these ETFs now hold over 5 million ETH, representing more than 4% of Ethereum’s circulating supply. Since their launch in July 2024, US spot Ether ETFs have accumulated net inflows totaling $6.48 billion, highlighting the growing trust in Ethereum as a valuable investment.

Ethereum’s price momentum is bolstered by strong technical indicators, with the asset trading just below the $3,400 mark, marking an 8.85% gain over 24 hours. The 20-day and 50-day Exponential Moving Averages (EMAs) at $2,866 and $2,647 respectively provide critical support levels, reinforcing bullish sentiment. Market analysts attribute part of this strength to a decline in Bitcoin dominance, which has bolstered altcoin performance. On-chain data reveals significant whale activity, with prominent wallets such as “0x52e,” “0x310,” and “0x8af” acquiring large ETH amounts above $3,340. These purchases, totaling over $38 million, indicate growing confidence among high-net-worth investors in Ethereum’s sustained growth potential.

Investor sentiment is further evidenced by substantial ETH withdrawals from exchanges, signaling a preference for holding rather than selling. Whale wallet “0x35fb” recently withdrew 7,980 ETH valued at $26.86 million from Kraken, contributing to a weekly total of 88,292 ETH withdrawn. This trend suggests that large holders are increasingly securing their assets off-exchange, reducing market supply and potentially supporting price stability. Corporate interest in Ethereum is also on the rise. SharpLink Gaming expanded its treasury holdings by acquiring 10,854 ETH worth $34.37 million, following a previous purchase of 10,614 ETH. The company’s total holdings now exceed 307,000 ETH. Over the past month, corporate treasuries have collectively added approximately 600,000 ETH, valued at over $2 billion, highlighting Ethereum’s growing role as a strategic reserve asset for businesses.

The combination of record ETF inflows, robust whale buying, and increased corporate treasury accumulation points to a strengthening Ethereum market. These factors collectively reduce circulating supply on exchanges and enhance demand from institutional and corporate investors. While short-term price volatility remains possible, the prevailing trends suggest a solid foundation for Ethereum’s medium- to long-term growth. Investors should monitor technical support levels and on-chain activity closely to gauge ongoing market sentiment.

Ethereum’s recent record-breaking spot ETF inflows, coupled with significant whale purchases and corporate treasury accumulation, underscore a growing institutional and corporate conviction in ETH’s value proposition. As Ethereum approaches key price milestones supported by strong technical indicators, these developments signal a positive outlook for the asset’s adoption and market performance. Stakeholders are encouraged to stay informed on evolving on-chain metrics and ETF flows to navigate this dynamic landscape effectively.