Institutional demand for cryptocurrency-backed exchange-traded funds (ETFs) surged yesterday, with Ethereum (ETH) ETFs attracting a substantial $461 million in net inflows, while Bitcoin (BTC) ETFs saw $403 million, marking the strongest single‑day gains for both since July.
Market Highlights
Ethereum ETFs Lead the Way
According to data reported by Coin World, U.S. spot Ethereum ETFs recorded a massive $461 million in net inflows on August 8. The primary contributors were BlackRock’s ETHA with $255 million and Fidelity’s FETH adding $132 million, lifting total assets under management (AUM) to around $23.38 billion.
Boosting institutional confidence, Ethereum futures open interest now stands at $58 billion, surpassing Bitcoin’s 47.1% share and increasing Ethereum’s broader market dominance to 34.8%. Ethereum’s price briefly surged toward $4,050, breaking the 200-day moving average—a technicalq indicator that signals a bullish trend.
Bitcoin ETFs Also Draw Strong Flows
Bitcoin ETFs weren’t far behind. On August 8, they attracted $403.67 million in net inflows, propelled by BlackRock’s IBIT—$359.77 million—followed by Fidelity’s FBTC ($30.49 million) and Grayscale’s mini BTC ETF ($13.41 million).
Why This Matters
- Institutional Validation Ramp-Up
These inflows underscore growing institutional endorsement of both Ethereum and Bitcoin through regulated investment vehicles. - Ethereum on the Rise
Ethereum’s ETF inflows outpacing Bitcoin’s highlight a shift in investor sentiment, possibly driven by expectations of broader utility—especially amid stablecoin-related regulatory clarity and corporate interest. - Price Momentum & Technical Breakouts
Ethereum’s breach of the 200-day moving average hints at strengthening bullish momentum, while Bitcoin continues to enjoy steady ETF-based capital inflows.
Summary
On August 8, U.S. spot Ethereum ETFs captured $461 million, led by BlackRock and Fidelity, reinforcing Ethereum’s growing institutional appeal. Bitcoin ETFs also registered robust inflows of $403 million, led by BlackRock’s IBIT. Together, these figures represent the largest ETF inflows for both cryptocurrencies since July, reflecting heightened investor confidence and increasing mainstream adoption.
Also Read: Ethereum Backs $500K Match for Roman Storm Legal Fight
R8XGCM3T
