Ethereum ETFs Drive $1 Billion Daily Inflows as ETH Targets All-Time High

• Ethereum ETFs bought $1 billion worth of ETH in one day, and BlackRock led with $640 million. 

• ETH broke above $4,500 and is now targeting its all-time high of $4,800. 

• Large whales purchased over $200 million in ETH while favorable economic data support continued price growth.

Ethereum exchange-traded funds recorded their strongest single-day performance since launch, accumulating $1 billion worth of ETH as the cryptocurrency approaches its all-time high of $4,800. The surge in institutional buying pressure has propelled ETH past $4,500, marking new yearly highs for the world’s second-largest cryptocurrency.

BlackRock dominated the buying activity with $640 million in ETH acquisitions through its ETHA fund. This represents the largest single-day inflow for BlackRock’s Ethereum ETF since its debut. Fidelity contributed $270 million, while Grayscale added $80 million through its respective funds.

The August 11 performance matches the ETFs’ previous best day, demonstrating sustained institutional appetite for Ethereum exposure. Since May, these funds have generated over $8 billion in net inflows, establishing a consistent pattern of institutional accumulation.

Whale Activity Amplifies Market Momentum

Large-scale investors joined the accumulation trend alongside institutional ETFs. Two prominent whales purchased more than $200 million in ETH through over-the-counter transactions. One whale acquired $137.8 million worth of ETH from FalconX, while another secured $82.9 million from Galaxy Digital OTC.

SharpLink Gaming, a publicly traded Ethereum treasury company, expanded its holdings by 5,226 ETH valued at $23.1 million. The company now maintains 604,026 ETH worth approximately $2.69 billion, solidifying its position as a major institutional holder.

SharpLink recently completed a $900 million capital raise over seven days, with plans to deploy these funds toward its Ethereum accumulation strategy. The company secured an additional $200 million through a sales agreement to increase its ETH reserves.

Macroeconomic Factors Support Price Rally

The U.S. Consumer Price Index came in at 2.7%, below market expectations, strengthening the case for a September Federal Reserve rate cut. Lower interest rates typically boost demand for risk assets, including cryptocurrencies, as investors seek higher yields.

BitMine, another Ethereum-focused treasury company, announced plans to expand its stock offering to $24.5 billion to fund additional ETH purchases. The company currently holds over $5 billion worth of Ethereum, making it the largest publicly traded ETH holder.

Traders point to ETF inflows, whale accumulation, and favorable macroeconomic conditions as key drivers behind Ethereum’s recent price surge. ETH has gained significant momentum throughout August, with technical indicators suggesting continued upward pressure toward the $4,800 resistance level.

The convergence of institutional and retail demand, supported by improving economic sentiment, positions Ethereum for potential new all-time highs in the coming weeks. Trading volumes remain elevated as market participants anticipate further price appreciation.