- BlackRock Ethereum ETF saw $519M inflows, adding over 114,000 ETH in one day.
- Ethereum ETFs outpaced Bitcoin ETFs, showing stronger institutional demand for ETH.
- ETH holds above $4,550 with potential breakout targets up to $5,000.
BlackRock has taken the spotlight in the ETF market with another huge performance . On August 14, the BlackRock Ethereum ETF (ETHA) absorbed $519 million in inflows out of the $639 million total across all US ETF issuers. That equals 114,069 ETH added in a single day. This aggressive buying spree continued even as ETH price faced a mild pullback, showing that demand remains fierce despite short-term price hesitation.
BlackRock’s Relentless Ethereum Accumulation
The iShares Ethereum Trust has been on a remarkable run. This week alone, ETHA has acquired over 100,000 ETH in three separate trading sessions. In just the past four days, net inflows have crossed the $2 billion mark. Such volume underscores how strongly institutions are positioning for Ethereum’s future. On August 14, ETHA’s daily trading volume hit $2.9 billion, reflecting heavy market participation. Over the last two months, the ETF’s net inflows have surged from $5 billion to $12 billion.
According to official iShares data , ETHA now holds close to 3.5 million ETH in total. That day, spot Ethereum ETFs recorded net inflows of roughly 139,319 ETH. This figure dwarfs Ethereum’s net daily issuance of 2,372 ETH by nearly 59 times. This imbalance highlights the intense buying pressure from ETFs, a dynamic that can influence market supply over time. Ethereum ETFs have also outpaced Bitcoin ETFs in recent weeks.
ETH Price Holds Key Support Levels
ETH price has cooled slightly after breaking above $4,700 earlier this week. The market found support at $4,600 after bouncing from $4,466 on August 15. Some long-term holders have taken profits, adding to the recent consolidation. The price of ETH remains above $4,550 and the 100-hourly Simple Moving Average, keeping the bullish trend intact. A trend line is forming near the $4,500 level, providing another potential support area for traders to watch.
Immediate resistance sits at $4,640, followed by $4,680. The first major challenge is at $4,720, and a breakout there could push ETH toward $4,780. If bulls break above $4,780 with conviction, the path may open toward $4,880 or even $5,000 in the short term. This price structure, combined with massive ETF inflows, suggests the recent pause may be temporary. With institutions stockpiling ETH at record rates, upward pressure could resume quickly if resistance levels fall.
BlackRock’s Ethereum ETF dominated inflows with $519 million in a single day. ETF demand outpaced Ethereum’s daily supply and even Bitcoin ETF inflows. ETH price is consolidating above key support with strong institutional backing. A breakout above $4,720 could set the stage for another rally.
