Record $1 billion inflows into Ethereum-based ETFs outshine Bitcoin's market!
In a remarkable turn of events, BlackRock's iShares Ethereum Trust (ETHA) has been making waves in the cryptocurrency market. Over the past few months, ETHA has set record-breaking inflows and performance milestones, further bolstering the price of Ethereum (ETH).
On August 11th, ETHA recorded an unprecedented $639.8 million inflow, leading Ethereum ETFs to a record $1.02 billion net inflow in a single day. This influx of institutional capital has been fuelled by clearer U.S. crypto regulations and the adoption of decentralized finance (DeFi) technologies.
The rapid inflow of funds has propelled ETHA to cross $10 billion in assets under management (AUM) in just 251 days. This impressive feat makes ETHA the third-fastest ETF ever to reach this level, trailing only BlackRock’s Bitcoin Trust and Fidelity’s bitcoin fund.
The surge in investment has coincided with strong price momentum for Ethereum. In mid-July, Ethereum saw a 26% gain, and following these inflows, it has been trading above $4,200. The influx of institutional capital via ETHA and similar products has significantly contributed to the bullish price trend of Ethereum.
Vitalik Buterin, the co-founder of Ethereum, believes this evolution will normalize trustless security across society. He compared outdated "trust me" systems to drinking unfiltered tap water, emphasizing the need for a more secure and decentralized infrastructure.
In the last month, ETHA's value has surged by 41%, and from its April low of $11.50, ETHA has skyrocketed by almost 200%. ETHA's daily trading volume reached an impressive $1.8 billion on August 11th, and its share price set a new record at $33.02 after a 5% jump on the same day.
The bullish trajectory of Ethereum remained intact while the broader digital asset market showed mixed performance. Bitcoin, for instance, is down 1.18% over the same period and is currently trading at $118,293.89.
In summary, BlackRock's ETHA is a dominant driver of Ethereum ETF inflows, setting records for speed and volume of investment, which has had a positive impact on Ethereum's market price by signaling strong institutional interest and increasing capital inflows to the digital asset.
Read also:
- Tesla is reportedly staying away from the solid-state battery trend, as suggested by indications from CATL and Panasonic.
- Review of the 2025 Lamborghini Revuelto: Blazing Beasts on Wheels
- Tech giant Apple debuts sports app integrating betting odds provided by DraftKings
- California links 100,000 home storage batteries through its Virtual Power Plant program.
