On August 12, U.S.-listed spot Ether exchange-traded funds (ETFs) recorded net inflows exceeding $1 billion, marking the highest daily total since their launch. Data tracked by SoSoValue show that nine Ether ETFs collectively garnered $1.005 billion, surpassing the prior record of $726.74 million set on July 17. BlackRock’s ETHA product led the inflows with $639.8 million, followed by Fidelity’s FETH at $276.9 million. The surge in demand coincided with Ether (ETH) reaching a multi-year high of $4,358 on the same day.
ETF inflows have driven cumulative net purchases to $10.83 billion, with total assets under management now at $25.71 billion, equivalent to 4.77% of Ether’s market capitalization. The inflow spike reflects growing institutional and retail adoption, as participants seek regulated and transparent vehicles to gain Ether exposure. Market commentators attribute part of the inflow momentum to the U.S. Securities and Exchange Commission’s decision to drop its lawsuit against Ripple, which bolstered confidence across the broader altcoin sector.
Analysis of the flows indicates a shift towards diversified portfolios, with asset managers reallocating capital from Bitcoin and equity strategies into Ethereum, driven by expectations of higher returns following monetary easing by the Federal Reserve. CME Group’s FedWatch tool showed an 84% probability of a 25 basis-point rate cut in September, reinforcing risk-on positioning. Meanwhile, on-chain metrics such as non-zero ETH address growth and DeFi protocol TVL continue to support a positive fundamental outlook for Ethereum.
Looking ahead, ETF managers are preparing for potential volatility as quarterly rebalances approach and macro data, including PPI and trade figures, could influence Fed policy projections. Market participants are advised to monitor rolling basis spreads, creation/redemption activity, and funding rates in the futures market to gauge evolving supply-demand dynamics. The record inflows may set a new benchmark for digital asset adoption through regulated fund structures, further integrating Ether into institutional portfolios.
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