Ethereum ETFs Surge as $3.7 Billion Flows In over Eight Days
U.S. Ethereum ETFs saw a massive boost on August 14, with $639.6 million pouring in.This is the eighth straight day of growth, totaling $3.7 billion in inflows.
BlackRock was the biggest player, contributing around $520 million. Grayscale and Fidelity added $61 million and $57 million respectively. Invesco Galaxy also joined,with $2.3 million.Other issuers remained inactive.
This positive trend follows a 20-day streak of similar inflows.Ethereum ETFs have shown remarkable performance lately, a stark contrast to their earlier slow start compared to Bitcoin ETFs. The surge comes as Ethereum reaches multi-month highs, after long periods of tepid movement.
Despite a slight dip today, Ethereum is still up almost 20% weekly and over 56% from its lowest point this month. The strong inflows show that institutional investors are showing great interest.
- Polymarket betting puts the odds at 55% for ethereum reaching $5,000 by month’s end.
- The bets are down 9% today due to the price pullback today.
- Predictions of a new all-time high over $4,800 peak are at 90% odds.
Analysts predict Ethereum could reach $7,500 by year-end.Some experts believe even this figure might be an underestimate. Broader forecasts look even brighter, predicting $12,000 by late 2026, $18,000 in 2027, and $25,000 by 2028–29.
