Ethereum News Today: US Spot Ether ETFs See $3 Billion Inflows in Two Weeks Amid Price Surge

US spot Ether exchange-traded funds (ETFs) have recorded over $3 billion in net inflows in the first two weeks of August, marking their second-strongest monthly performance to date, with more than two weeks remaining in the month [1]. This significant inflow underscores a sustained surge in demand for Ethereum-based investment products, driven by both institutional and retail investors. According to data from SoSoValue, these ETFs are on track to record their strongest weekly inflow since launch, with over $2.9 billion in funds added to the products [1].

Since the beginning of the month, daily inflows have averaged over $700 million, with the highest single-day inflow recorded on Monday, when the funds attracted over $1 billion [1]. BlackRock’s iShares Ethereum Trust (ETHA) led the inflow trend on Thursday with $519.68 million in net inflows, followed by the Grayscale Ethereum Mini Trust (ETH) and the Fidelity Ethereum Fund (FETH) [1]. This pattern of inflows has continued for several days, with the previous day seeing $729 million in inflows—only surpassed by the record set on Monday [1].

The surge in ETF inflows coincides with a notable rise in the price of ETH. On Thursday, the price of Ethereum reached a yearly high of $4,765.83 before experiencing a sharp pullback below $4,500. However, it has since rebounded to trade above $4,600, representing a near-20% increase over the past week [1]. The capital inflows into ETFs have pushed the total net assets across all spot Ether ETF products to a record $29.22 billion [1].

This growing appetite for ETH exposure through regulated investment vehicles reflects a broader shift in investor sentiment. Since their launch, spot Ether ETFs have attracted cumulative net inflows of $12.73 billion and are on track for a five-month consecutive inflow streak heading into September [1]. The trend highlights a growing acceptance of Ethereum as an investable asset class within traditional financial markets.

Market participants are also paying close attention to forward-looking commentary. Fundstrat, a market strategy and research firm, has projected that ETH could trade within a range of $12,000 to $15,000 by the end of the year [1]. According to Sean Farrell, the firm’s head of digital asset research, the asset has “plenty of upside,” suggesting a bullish outlook for Ethereum’s long-term performance.

The continued inflows and price appreciation have also been attributed to Ethereum’s evolving ecosystem, including ongoing upgrades and increased utility in decentralized finance (DeFi) and non-fungible token (NFT) markets [3]. While the price of ETH remains subject to volatility, the sustained interest in ETFs suggests that investors are willing to accept these risks in pursuit of potential long-term gains.

The performance of spot Ether ETFs illustrates the growing convergence between traditional finance and the crypto market. These products are serving as a bridge for investors unfamiliar with direct digital asset ownership, enabling participation through familiar and regulated investment structures. As the market continues to evolve and regulatory frameworks become clearer, the trend is expected to persist, though investors are reminded to remain cautious of market volatility and potential regulatory changes.

Sources:

[1] CoinMarketCap, https://coinmarketcap.com/community/articles/689f02bdbe58e26e9d0bd813/

[3] Blockscholes, https://www.blockscholes.com/research