Ethereum ETFs See Record $1B Inflows Led by BlackRock’s ETHA
U.S. spot Ethereum ETFs hit a major milestone on August 11, pulling in over $1 billion in a single day, according to data from SoSoValue. The biggest contributor was BlackRock’s ETHA, which brought in $640 million—the largest daily inflow for any ETH ETF to date.
The surge highlights growing institutional demand for Ethereum, which has helped push the asset back above $4,000, continuing a multi-month trend of strong capital inflows.
ETH Price Dips Despite Record Inflows
Despite the impressive inflows, Ethereum slipped 0.5% on the day. The pullback is seen as a reaction to investor caution ahead of the latest U.S. Consumer Price Index (CPI) data, which could impact the Federal Reserve’s interest rate outlook.
Still, ETH remains up 17.5% over the past week, 45% in the last month, and 69% since August 2024. At over $4,000, it now sits just 11.9% below its all-time high of $4,878.
Rate Cut Hopes Could Fuel Further Rally
Markets are now watching closely for signals from the Fed’s upcoming Jackson Hole meeting. While inflation concerns linger, many analysts expect the Fed to begin cutting interest rates in September. Such a move would likely boost investor appetite for risk assets like ETH, potentially triggering a new rally toward—and beyond—its previous highs.
Macro Uncertainty Adds Caution
Geopolitical concerns, including President Trump’s recent tariff announcements, have added to market volatility, further influencing short-term price movements. Still, with record ETF inflows and potential rate cuts on the horizon, the outlook for Ethereum remains strong.
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