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Ethereum Hits $4,300 on Record ETF Inflows, Exchanges Near Supply Lows

Record spot-ETF and corporate purchases draining on-exchange ETH supply highlight strong demand alongside rising volatility risk

Overview

  • ETH climbed to about $4,300 on August 11, marking its highest level since November 2021 as spot-ETF inflows topped $460 million in a single day
  • Institutional and corporate buyers such as BitMine Immersion and SharpLink Gaming added over $1.2 billion in ETH to treasuries, driving exchange reserves to multi-year lows
  • On-chain analytics show Vitalik Buterin’s known holdings exceeded $1 billion, underscoring whale and developer conviction in the rally
  • Concentrated inflows into Binance and an all-exchange Estimated Leverage Ratio nearing 0.68 signal elevated potential for short-term profit taking or squeeze events
  • Bitcoin trades near $123,000 record highs as analysts debate whether demand will broaden into other altcoins or remain concentrated in Ethereum