Spot Ethereum ETF Inflows Reach Over $460 Million on August 8
Inflows into spot Ethereum ETFs exceeded $460 million on August 8, coinciding with the ETH price surpassing $4,000 for the first time since December 2024. The BlackRock iShares Ethereum Trust (ETHA) led with inflows of $254.7 million.
BlackRock’s ETHA Leads ETF Inflows
- ETHA saw net inflows of $254 million, purchasing 62,936 ETH.
- Total trading volume for ETHA reached $1.7 billion during the session.
- Net inflows into ETHA since inception approached $10 billion.
- ETHA share price rose 5% to close at $30.79, gaining 47% over the past month.
- Fidelity’s FETH contributed $132 million in inflows.
ETH Price Rally Triggers Short Liquidations
- Approximately $105 million worth of Ether short positions were liquidated, accounting for 53% of total liquidations ($199.61 million) in the crypto market.
- The ETH price rally past $4,000 has led to significant short liquidations.
- Analyst Michael van de Poppe noted the potential for a breakout but advised caution at current highs.
- Market analysts suggest the ETH rally could lead to an altcoin season, with other coins like XRP, ADA, SOL, and DOGE gaining 5-10%.
Blackrock Ethereum ETF inflows | Source: Trader T