Ethereum ETFs Attract $219M in Inflows
U.S. spot Ethereum ETFs recorded more than $219 million in net inflows on August 20, extending their positive streak to four consecutive trading sessions. BlackRock’s ETHA accounted for the largest share with around $173 million, while BlackRock’s ETHB attracted about $35.9 million and Fidelity’s FETH added roughly $5.8 million. The result followed another strong session on August 19, when Ethereum ETFs recorded $189.15 million in inflows. The back-to-back buying suggests institutional demand has remained strong during Ethereum’s recovery. ETH moved above $2,300 and briefly approached $2,400, while Santiment data cited by CryptoNews showed exchange-held ETH falling from around 7.70 million coins on June 2 to 6.54 million on August 18. Lower exchange balances combined with stronger ETF demand could support the market, although Ethereum still needs to establish stronger support around key price levels. Track the latest ETH rate and exchange options on xbit.money.