U.S. spot Ether (ETH) exchange-traded funds (ETFs) have pulled in nearly $3 billion in net inflows in just the first half of August. This already makes August the second-strongest month on record for ETH ETFs, with over two weeks still to go.
This week has been the best since the products launched, with inflows exceeding $2.9 billion after over $639.61 million was seen in inflow yesterday. Monday was a standout session, bringing in more than $1 billion in a single day, which also marks the highest daily inflow the fund has seen since its launch.
According to data from SoSoValue, this month’s total net inflows have reached $3.09 billion so far, already ahead of the pace seen in July. In July, ETH ETFs posted $5.43 billion in net inflows, their highest monthly total to date. If August continues at its current clip, it could surpass July’s record and set a new all-time high (ATH) for monthly demand.
ETH Price and ETF Inflows Drive Record Momentum
Ether’s price has rapidly surged since the start of August, reflecting its growing demand among investors, specifically ETF buyers. Yesterday, ETH touched near the all-time high reaching $4,784 before dipping briefly under $4,500. It has since rebounded to above $4,600, notching nearly 20% gains for the week, as per CoinMarketCap data.
The rally has boosted total assets under management in U.S. spot ETH ETFs to a record $29.22 billion, underscoring rising investor interest in regulated vehicles for Ethereum exposure.
Much of the month’s momentum has been driven by a few heavyweight issuers. On Wednesday, BlackRock’s iShares Ethereum Trust (ETHA) drew in over $500 million, while Fidelity’s Ethereum Fund (FETH) added around $155 million. Combined, the funds helped push inflows past $2.3 billion over just three trading days, eclipsing prior weekly records.
Market commentators are seeing the flows as part of a broader institutional shift into ETH. Crypto strategist Ted Pillows wrote on X, “Ethereum FOMO is just getting started.” Another trader summed up the link between price action and ETF demand simply, “The higher the price, the bigger the inflows.”
Institutional analysts are also turning more bullish. Fundstrat’s chief investment officer, Thomas Lee, recently called Ethereum the next “biggest macro trade,” in a post on X, suggesting the asset could climb to between $12,000 and $15,000 before year-end.
With inflows building at record speed, ETH’s momentum in both spot markets and ETF products is shaping August into a potentially historic month for Ethereum investors.
Also Read: Trezor Users Stake Over 200,000 ETH in 3 Months of Launch
