Overview

• U.S. spot ETH ETFs logged fresh inflows on Sept. 11, with BlackRock taking in about $74.5 million and Fidelity adding roughly $49.5 million, per Farside Investors.
• ETH traded back above $4,500, with analysts watching $4,550–$4,650 as near-term resistance and warning that failure to hold support near $4,450–$4,400 could spur pullbacks.
• CME futures open interest reached cycle highs, signaling deepening institutional derivatives exposure and raising short-term liquidation risk even as the longer-term outlook improves.
• Corporate treasuries expanded holdings, including SharpLink’s $379 million USDC transfer to Galaxy Digital and a disclosed stake of 837,200 ETH, while BitMine bought 46,255 ETH to lift its total above 2.1 million.
• Supply continues to tighten as more than 36 million ETH is staked and on-chain data shows about 1.7 million ETH accumulated around $4,300–$4,400, aided by significant outflows from Binance.