Ethereum ETFs Smash $460M Weekly Haul as ETH Soars Past $4,200 – Wall Street Plays Catch-Up

Ethereum ETFs just flexed a $460-million week—proof Wall Street's late crypto embrace still prints money. Meanwhile, ETH bulls party past $4,200 like it's 2021 all over again.

Traders vs. Regulators: The Eternal Dance

While suits debate 'appropriate exposure,' self-custody whales quietly stack ETH at ATHs. Funny how decentralization moves faster than compliance paperwork.

The Cynic's Corner

Another week, another ETF fee structure skimming 0.75% off returns. But hey—at least it's not your hedge fund manager's third yacht... yet.

Four-Day Inflow Streak Changes Ethereum ETFs’ Week

According to the latest market data, the US Ethereum ETF market saw a total net inflow of $222.34 million on Friday, August 8. This positive performance for the crypto investment products confirmed a return of an optimistic sentiment amongst the US ETF investors.

SoSoValue data shows that BlackRock’s iShares Ethereum Trust (with the ticker ETHA) witnessed the largest influx on the day, adding $254.73 million in value on Friday. This round of inflows further stretches the fund’s dominance as the largest ETH ETF, with net assets of $12.35 billion under management.

Fidelity Ethereum Fund (FETH) and Grayscale Ethereum Mini Trust (ETH) followed ETHA, with $132.36 and $38.25 million total net inflow, respectively, on Friday. Grayscale ETH Trust (ETHE) is the only other Ethereum ETF with at least eight-figure capital inflows ($26.84 million) to close the week.

Bitwise’s exchange-traded fund (ETHW) and Invesco’s ETH fund (QETH) were the other Ethereum ETFs that posted a positive inflow day ($7.83 million and $1.22 million, respectively) on Friday. In contrast, the others recorded no significant activity on the day. This $222-million performance marked the fourth consecutive day of net inflows for the exchange-traded funds.

While the Ethereum ETFs registered massive investor withdrawals at the start of the week, totaling $465 million on Monday, August 4, the four-day inflow streak was enough to push the weekly record into positive territory. According to market data, the ETH exchange-traded funds saw $326.83 million in net inflows in the past week.

Ethereum Price Breaches $4,200

The strong relationship between the performance of the spot crypto ETFs and prices was on display again this week, as the ETH price reclaimed the $4,000 level while the Ethereum ETFs resumed capital inflows. This shift in momentum came on the back of Trump’s executive order on retirement plans. 

As of this writing, the price of ETH has surpassed $4,200, reflecting an almost 9% increase in the past 24 hours. Meanwhile, the altcoin is up by more than 21% in the last seven days.