🚀 Ethereum Spot ETFs Smash Records: $2.9B Floods In During Historic Week

Wall Street's latest crypto crush is breaking the bank—literally. Ethereum spot ETFs just racked up their biggest week ever, with institutional money pouring in faster than a degenerate gambler at a Vegas sportsbook.

The dam has broken

That $2.9 billion inflow isn't just a number—it's a middle finger to every legacy finance suit who said crypto ETFs would never gain traction. The market's voting with its wallet, and the verdict is clear: digital assets aren't going anywhere.

What the smart money knows

While retail investors were busy chasing memecoins, institutions were quietly building positions through these regulated vehicles. Now the floodgates are open, and even your conservative pension fund manager might start sneaking ETH exposure into your retirement plan.

The revolution won't be centralized—but apparently, it will be securitized, packaged, and sold back to you with a 2% management fee. Some things never change.

ETH Price and ETF Inflows Drive Record Momentum

Ether’s price has rapidly surged since the starting of August, reflecting its growing demand among investors, specifically ETF buyers. Yesterday, ETH touched NEAR the all-time high reaching $4,784 before dipping briefly under $4,500. It has since rebounded to above $4,600, notching nearly 20% gains for the week—as per CoinMarketCap data. 

The rally has boosted total assets under management in U.S. spot ETH ETFs to a record $29.22 billion, underscoring rising investor interest in regulated vehicles for ethereum exposure.

Much of the month’s momentum has been driven by a few heavyweight issuers. On Wednesday, BlackRock’s iShares Ethereum Trust (ETHA) drew in over $500 million, while Fidelity’s Ethereum Fund (FETH) added around $155 million. Combined, the funds helped push inflows past $2.3 billion over just three trading days, eclipsing prior weekly records.

Market commentators are seeing the flows as part of a broader institutional shift into ETH. crypto strategist Ted Pillows wrote on X, “Ethereum FOMO is just getting started.” Another trader summed up the link between price action and ETF demand simply: “The higher the price, the bigger the inflows.”

Institutional analysts are also turning more bullish. Fundstrat’s chief investment officer, Thomas Lee, recently called Ethereum the next “biggest macro trade,” in a post on X, suggesting the asset could climb to between $12,000 and $15,000 before year-end.

With inflows building at record speed, ETH’s momentum in both spot markets and ETF products is shaping August into a potentially historic month for Ethereum investors.

Also Read: Trezor Users Stake Over 200,000 ETH in 3 Months of Launch