Key Takeaway
Well, well, well, it seems Ethereum ETFs have simply outdone themselves on the 11th of August, pulling in an extraordinary $1.019 billion in daily inflows. Led by BlackRock’s ETHA, which has surged like a caffeinated squirrel, doubling its size to $10 billion in just three months, propelling ETH past $4,279. Not bad for a blockchain, eh?
Ethereum [ETH] has pranced proudly into Wall Street’s spotlight, leaving Bitcoin [BTC] in the dust. On 11th August, U.S. spot ETH ETFs amassed a record-breaking $1.019 billion in net inflows, while Bitcoin’s ETFs-well, let’s just say they’re still figuring out what to do with themselves.
Leading this euphoric surge is BlackRock’s iShares Ethereum Trust (ETHA), which has now comfortably crossed the $10 billion mark. Just three months ago, it was still awkwardly hanging out at $5 billion, but look at it now-a real overachiever!
BlackRock’s ETHA breaks record
On the 11th of August, BlackRock’s iShares Ethereum Trust (ETHA) experienced a monumental surge, scooping up 149,168 ETH worth approximately $640.68 million in a single day. Impressive, isn’t it?
With that much activity, ETHA’s daily trading volume shot up to a jaw-dropping $1.8 billion. Go ahead, take a moment to catch your breath. The fund’s share price set a fresh record too, leaping 5
Analysts have gone wild over the momentum, crediting it to ETH’s steady accumulation in June and July, despite Bitcoin’s rather sluggish attempts to keep up. And let’s be honest, it’s a real treat to see Ethereum thrive while Bitcoin’s tripping over itself below $120,000.
ETH and BTC’s price action
In the past week, ETH has surged by an impressive 19
As of now, ETH is trading at a sleek $4,279.18, up 2.18
Vitalik Buterin adds more to the hype
Meanwhile, Vitalik Buterin-who’s basically the Elon Musk of Ethereum-spoke out about his grand vision for Ethereum’s future. He’s not just talking about ordinary blockchain stuff, mind you. He’s dreaming about ultra-light nodes, built-in privacy, seamless self-custody, and a tech stack so robust it could probably run a space station.
Buterin believes this evolution will normalize trustless security in society. He’s not just comparing “trust me” systems to drinking unfiltered tap water; he’s comparing them to swimming in a pool of e-coli. So, take that as you will.
In the meantime, BlackRock’s moved a little faster than expected. On 5th August, Arkham Intelligence caught wind of a major blockchain transaction from the asset manager. BlackRock transferred 2,544 BTC and 101,975 ETH to Coinbase Prime from ETF-linked holdings. Routine, or an elaborate strategic repositioning? We’ll let you decide.
All of this has made for a rather thrilling week in Ethereum’s world. Who knows what will happen next? We’re on the edge of our seats! 😏
Read More
- Best Controller Settings for ARC Raiders
- Ashes of Creation Rogue Guide for Beginners
- Meet the cast of Mighty Nein: Every Critical Role character explained
- Bloober Team launches ‘Remosd Neul Serorehso Ovam Ceyerd’ countdown website
- Kit Keenan Slams Claim Mom Cynthia Rowley Helped Buy Her NYC Apartment
- Arc Raiders Guide – All Workbenches And How To Upgrade Them
- Avengers: Doomsday Finally Gives The X-Men What Fox Refused To
- New Avengers: Doomsday Trailer Increases Thor’s MCU Death Chances
- 7 Fantasy Movies That Aged Incredibly Poorly
- Feature: Going Platinum #5: The Sexy Brutale
2025-08-13 08:12