Overview

• U.S.-listed spot Ethereum ETFs pulled in just over $1 billion on August 11, led by BlackRock’s iShares Ethereum Trust with roughly $640 million and Fidelity’s Ethereum Fund with about $277 million.
• The one-day surge pushed cumulative ETF inflows since mid-2024 above $10.8 billion, coinciding with Ether trading in the mid-$4,000 range—levels unseen since late 2021.
• On-chain data show ETH held on exchanges at multi-year lows and more than $150 billion staked, reflecting a supply squeeze driven by institutional and whale accumulation.
• Corporate treasuries are deepening their Ether exposure: BitMine filed to raise up to $24.5 billion for token purchases and ETHZilla secured backing from Peter Thiel’s Founders Fund.
• Analysts forecast that continued inflows could lift ETH toward $5,000–$6,000 but caution that elevated leverage ratios and concentrated positions heighten the risk of sharp corrections.