The funds traded on the US-listed Spot Ethereum Exchange raised net inflows of over $1 billion on August 11, setting a record high.
Data from SOSO’s value led BlackRock’s ETHA products dominated the day’s activities, drawing nearly $640 million, the largest day haul since launch. Fidelity’s Feth ranked second at $276.9 million, hitting the top personal mark.
Meanwhile, Grayscale’s ETH vehicle brought in $66.6 million, while Vaneck’s ETHV secured $9.4 million. Franklin Templeton’s Ezet, Bitwise’s ETHW and 21-share Ceth recorded small but notable inflows ranging from $3.9 million to $4.9 million each.
Cumulatively, these overall inflows surpassed the previous $726.6 million set on July 14, bringing the Ethereum ETF stream closer to Bitcoin’s benchmark despite Eth’s lower market capitalization.
With this in mind, market analysts believe that Ethereum’s increasing excellence in the financial markets will only continue to grow.
Nate Geraci, president of Novadius Wealth, noted that traditional financial investors underestimated Ethereum because of its more complicated narrative than Bitcoin.
However, Gerasi believes investors are resonating with growing awareness of Ethereum’s role in future financial markets. He explained:
“BTC had a beautiful story of “digital gold” (‘). I’ve heard that ETH investors are “the backbone of future financial markets” (and resonating).
Bloomberg ETF analyst Eric Balknath reflected this view, adding that a surge in flow will likely drive the delivery of new Ethereum ETFs and expand the range of investment products tied to the network.
Ethereum Treasury Firms Ape in
This record inflow comes as corporate strategy companies strengthen their holdings of Ethereum.
On August 11, Bitmine created headlines by purchasing 317,126 ETHs in just one week, bringing its total holdings to $4.9 billion to 1.15 million ETHs.
The acquisition marked Bitmine’s first corporate holder for Ethereum, surpassing the 1 million mark, significantly outpacing its closest competitors.
Meanwhile, Sharplink, the second-largest company Ethereum holder, has announced that it has raised $900 million to fund an additional Ethereum acquisition. The Josefulvin-led company holds 598,800 ETH in its financial resources.
These moves have established both companies as key players in Ethereum’s future growth, highlighting the ongoing institutional benefits that are contributing to the ongoing gathering of digital assets.
