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Ethereum Sets New Record as ETF Inflows and Dovish Fed Ignite Rotation

A dovish Fed stance alongside surging ETF demand funneled capital into ether over bitcoin.

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Overview

  • ETH pushed past its 2021 peak to a new all‑time high around $4,880–$4,900 late Friday into Saturday, with trackers like CoinGecko confirming the record after a rapid post‑Jackson Hole rally.
  • U.S. spot ETH ETFs logged heavy net inflows — about $288 million on Aug. 21 and roughly $337 million on Aug. 22 — while Bitcoin funds saw outflows, highlighting a shift in institutional flows, according to SoSo Value and Farside Investors.
  • On‑chain data showed rotation from BTC to ETH as long‑time Bitcoin whales sold thousands of BTC, bought more than 82,000 ETH, and opened a large leveraged ETH long on Hyperliquid, signaling aggressive repositioning.
  • Corporate treasuries amplified demand, with BitMine Immersion holding roughly 1.5 million ETH (over $6–$7 billion) and SharpLink Gaming accumulating multi‑billion‑dollar ETH stakes, contributing to tighter exchange supply.
  • Bitcoin lagged below $120,000 with weaker ETF demand and derivative resistance near $117,800, while analysts floated higher ETH targets — from $7,000 scenarios to $10,000–$20,000 — alongside cautions about leverage and near‑term pullbacks.