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Ethereum has outperformed
in terms of institutional adoption and ETF inflows over the past three months, with the ETH/BTC ETF holdings ratio tripling during the period [1]. This shift aligns with Ethereum's stronger price performance, as it has consistently outpaced Bitcoin in gains over the same timeframe [1]. The trend began to take shape around May 2025, when both the price and ETF holdings ratio for started rising in tandem [1]. By August, Ethereum ETF holdings reached a historical high, reflecting increased institutional confidence in the asset [1].The most recent data highlights the scale of the inflows into Ethereum-based ETFs. On August 14, Ethereum ETFs attracted $640 million in net inflows, compared to $231 million for Bitcoin ETFs [1]. BlackRock’s ETHA product alone recorded $520 million in inflows on that day, underscoring the fund’s dominance in the Ethereum ETF market [1]. Over the past three days, Ethereum ETFs have seen $2.2 billion in inflows, dwarfing the $331 million recorded for Bitcoin ETFs [2]. These figures suggest a meaningful reallocation of capital within the institutional crypto space [1].
The growing inflows into Ethereum ETFs have been fueled in part by a supply-demand imbalance. Monthly ETF inflows into Ethereum have reached $2.3 billion, equivalent to 500,000 ETH, while the network has only issued 450,000 ETH since the merge in September 2022 [3]. This imbalance has placed upward pressure on the price as large buyers absorb supply faster than it is being issued [3].
BlackRock’s iShares Ethereum Trust ETF (ETHA) has been the primary driver of this inflow surge, accounting for 63% of the $1 billion in inflows on a single day [1]. This trend is not limited to ETFs; broader institutional players, including
Technologies, are also increasing their Ethereum exposure [1]. BitMine recently expanded its at-the-market offering by $20 billion to $24.5 billion, signaling its intent to accumulate more of the asset ahead of expected market developments [1].Ethereum’s price has surged to $4,500—the highest since 2021—marking a 26% weekly gain [1]. This momentum has been supported by strong technical indicators, such as the RSI and Stochastic Oscillator, both of which are currently in overbought territory [2]. Analysts have also noted a rare convergence of bullish signals on Ethereum’s chart [3]. Some predict the price could set a new all-time high above $5,000 if a bullish pennant pattern completes [2]. While the current price remains below Ethereum’s 2021 peak of $4,878, analysts forecast a potential retest of that level by the end of 2025 [1].
The shift in institutional capital toward Ethereum reflects a broader recognition of the asset’s utility beyond its role as a store of value. With ongoing upgrades and the adoption of decentralized finance (DeFi), Ethereum is increasingly viewed as a settlement layer for tokenized assets and a platform for staking yields [1]. As ETF inflows continue to favor Ethereum over Bitcoin, the market is closely watching whether this trend represents a structural reallocation or a temporary surge.
The next quarter will be critical in determining the sustainability of the inflows and whether Ethereum’s gains will continue to challenge Bitcoin’s dominant position in the institutional crypto portfolio [1].
Sources:
[1] https://finance.yahoo.com/news/ethereum-shorts-rekt-eth-tops-181641266.html
[2] https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-forecast-eth-eyes-5-000-as-bitmine-plans-202508122115
[3] https://finance.yahoo.com/news/ethereum-etf-inflows-outperform-bitcoin-050359212.html

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