On Wednesday, August 13, the BlackRock Ether ETF (ETHA) recorded net inflows of 105,900 ETH, thus achieving the seventh day with over 100,000 ETH accumulated since its inception. Furthermore, ETHA reached another milestone, achieving a record trading volume of $3 billion on August 13.
The price of ETHA shares has continued to rise, reaching new all-time highs, climbing another 5% yesterday and closing at $35.90. With the price of ETH nearing its all-time highs, the net assets under management of ETHA are approaching $16 billion. Additionally, the total holdings of ETH in the fund are now close to 3.5 million.
In addition to BlackRock, the Fidelity Ethereum ETF (FETH) also recorded inflows of $155 million yesterday, followed by Grayscale's mini-Ether ETF (ETH) with $51.3 million, according to data from Farisdie Investors. Following the massive institutional inflows this week, the net inflows from all U.S. ETF issuers have surpassed $12 billion since their inception.
Although Bitcoin ETF inflows have slowed in recent weeks, Ether ETFs have experienced strong institutional demand, leading to outperformance. On Wednesday, Ethereum ETFs recorded net inflows of approximately 155,620 ETH, valued at $704.3 million, significantly surpassing the new net issuance of ETH, which was approximately 2,387 ETH. This means that the ETFs purchased 65 times more ETH than was issued by the network. In comparison, Bitcoin ETFs recorded inflows of $86.7 million. This marks the third consecutive day that ETH attracts more inflows than Bitcoin.
In addition to the ETFs, the recent outperformance is also reflected in the price. ETH has risen an impressive 30% over the past week, while BTC has gained 6.5% during the same period. However, the price of Bitcoin reached new all-time highs, hitting $124,500.
