As ETH surged to above $4,000, inflows into US spot ETFs hit record highs, indicating strong interest.
Total daily flows exceeded 100,000 ETH, with Blackrock and Fidelity seeing the largest inflows. Activity was particularly noticeable in the second half of July and early August, with volume spikes coinciding with price growth.
Despite the strengthening in value, some funds, such as Grayscale, continue to see outflows, which may indicate a redistribution of capital into products with more attractive terms.
Continued high inflow dynamics coupled with ETH rising above the key level. However, ETH has rolled back to $3,400, I expect to see it at $3,200, after which we will go up.
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