$1 Billion ETH ETF Inflow Recorded Amid $1.34 Billion Whale Accumulation
Ethereum (ETH) Market Highlights
- Spot ETH exchange-traded funds in the US recorded an all-time high net inflow of $1.01 billion, totaling $10.85 billion.
- BlackRock’s ETHA fund led with an inflow of $639.8 million, accumulating nearly $10.5 billion since its launch in July 2024.
- An unknown entity created 10 new wallets and accumulated 312,052 ETH, valued at $1.34 billion, from institutional platforms FalconX, Galaxy Digital, and BitGo since August 1.
- BitMine increased its Ethereum treasury to $4.96 billion following a purchase of 316,000 ETH.
- Arthur Hayes, BitMEX co-founder, bought 1,750 ETH on August 11 for $7.43 million.
- Ethereum is trading above $4,300 despite short-term selloffs, reaching a local high of $4,362 on August 11 and briefly dipping below $4,200.
- Current price is 12% down from its all-time high of $4,891.