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% to $33.02-look at that upward trajectory! This brings ETHA’s value to a stellar 41% rise over the past month. Remember when it was at $11.50 in April? It’s almost as if it’s trying to outperform all of us.
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%, leaving Bitcoin’s modest 4% gain looking rather tame. This has set the rumor mill whirring, with whispers about Ethereum possibly reaching a new all-time high. Will it? Who knows! But one can always dream.
As of now, ETH is trading at a sleek $4,279.18, up 2.18% in the last 24 hours, according to CoinMarketCap. Meanwhile, Bitcoin has been playing catch-up, dropping 1.18% and trading at $118,293.89. Oops.
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! 😏
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2025-08-13 08:12