Ethereum Steals Bitcoin’s Spotlight with $1B ETH ETF Inflows – The Flip Is Here!

Move over, Bitcoin—Ethereum's making power plays.

ETH ETFs just vacuumed up a record $1 billion in inflows, marking the first time institutional money clearly favors the altcoin over crypto's old guard. Traders are pivoting fast, chasing higher beta and smarter contracts while Bitcoin maximalists sweat their fading dominance.

Wall Street’s latest shiny toy? Maybe. But when ETF issuers start printing ‘ETH’ tickers instead of ‘BTC,’ even goldbugs notice the shift. Just don’t tell the SEC we called it gambling.

Key Takeaway

Ethereum ETFs shattered records on the 11th of August, with $1.019 billion in daily inflows led by BlackRock’s ETHA, which has doubled to $10 billion in three months, fueling ETH’s rally past $4,279. 

Ethereum [ETH] has notched a significant milestone on Wall Street, as U.S. spot ETH ETFs raked in a record-breaking $1.019 billion in net inflows on 11th August, leaving their Bitcoin [BTC]-focused counterparts far behind.

At the forefront of this surge is BlackRock’s iShares ethereum Trust (ETHA), which has crossed the $10 billion net inflow mark.

This achievement comes just three months after the fund doubled its previous $5 billion total, now holding over 3.3 million ETH in its portfolio.

BlackRock’s ETHA breaks record

On the 11th of August, BlackRock’s iShares Ethereum Trust (ETHA) saw its biggest single-day inflow since launch, adding 149,168 ETH worth approximately $640.68 million.

The surge in investor activity pushed ETHA’s daily trading volume to an impressive $1.8 billion.

The fund’s share price also set a new record, reaching $33.02 after a 5% jump on the 11th of August.

In the last month alone, ETHA’s value has surged by 41%, and from its April low of $11.50, the ETF has skyrocketed by almost 200%.

Analysts attribute the momentum to consistent ETH accumulation during June and July.

While the broader digital asset market showed mixed performance with bitcoin slipping below the $120,000 mark, Ethereum’s bullish trajectory remained intact.

ETH and BTC’s price action

Over the past week, ETH has surged by 19%, far outpacing Bitcoin’s modest 4% gain.

This strong performance has sparked speculation that Ethereum may be poised to reach a new all-time high.

At the time of writing, ETH was trading at $4,279.18, up 2.18% in the last 24 hours, according to CoinMarketCap.

In comparison, Bitcoin was down 1.18% over the same period, trading at $118,293.89.

Vitalik Buterin adds more to the hype

Adding to the buzz, Vitalik Buterin outlined his long-term vision for Ethereum’s future this week. 

He emphasized ultra-light nodes, built-in privacy, seamless self-custody, and a fully verified tech stack. This includes everything from decentralized apps to the hardware they run on. 

Buterin believes this evolution will normalize trustless security across society. He compared outdated “trust me” systems to drinking unfiltered tap water. 

Meanwhile, market watchers noted an unexpected MOVE from BlackRock. 

On the 5th of August, Arkham Intelligence reported a major blockchain transaction by the asset manager. BlackRock transferred 2,544 BTC and 101,975 ETH to Coinbase Prime from ETF-linked holdings. 

This sparked speculation about whether it was routine or a strategic repositioning and the move added intrigue to an already eventful week for Ethereum.