Historic moment on Wall Street! The US Ethereum Spot ETF attracts a record $1.019 billion in a single day, and BlackRock's ETHA Holdings surpasses 10 billion.

The Ethereum spot ETF market in the United States has experienced explosive growth, recording a record net inflow of $1.019 billion in a single day on August 11, significantly surpassing Bitcoin spot ETFs. BlackRock iShares Ethereum Trust (ETHA) has emerged as the biggest winner, with its Assets Under Management surpassing the $10 billion milestone and Holdings exceeding 3.3 million ETH. Ethereum's weekly rise of 19% far outstrips Bitcoin, as Vitalik Buterin simultaneously outlines a long-term vision for Ethereum's L1 infrastructure, with multiple Favourable Information driving the ETH price to rise strongly.

【Milestone Breakthrough | Ethereum ETF Attracts Over One Billion in a Single Day】 Ethereum (ETH) has achieved a significant milestone on Wall Street! On August 11, the US Spot Ethereum ETF recorded a record $1.019 billion net inflow in a single day, making it pale in comparison to its Bitcoin (BTC) Spot ETF counterparts. This marks a significant increase in institutional funds' willingness to allocate to Ethereum, injecting strong liquidity into the ETH Spot market.

【BlackRock Leads|ETHA Assets Under Management Exceeds 10 Billion】 The leader of the current influx of funds is BlackRock's iShares Ether Trust (ETHA). The fund's Assets Under Management (AUM) has surpassed the $10 billion mark, with holdings of over 3.3 million ETH. It is noteworthy that ETHA grew from $5 billion AUM to $10 billion in just three months, demonstrating an astonishing pace of institutional accumulation.

【Single Day Surge|ETHA Records Inflow of $640 Million】 On August 11, ETHA experienced its largest single-day capital inflow since its launch, with a net increase of 149,168 ETH (approximately $640.7 million). Strong institutional buying drove the fund's daily trading volume to an astonishing $1.8 billion. As a result, the price of ETHA shares surged 5% on August 11, reaching a record $33.02. Since the low of $11.50 in April, the ETF has soared nearly 200%, with a rise of 41% over the past month. Analysts believe that BlackRock's strategy of continuously accumulating ETH in June and July is key to the current momentum.

【Market Performance|ETH rise outperforms BTC, approaching historical highs?】 Against the backdrop of a diverging performance in the overall digital asset market (with Bitcoin once dipping below the $120,000 mark), the rising trend of Ethereum remains solid. In the past week, the price of ETH skyrocketed by 19%, far exceeding Bitcoin's moderate rise of 4% during the same period. This strong performance has sparked market speculation: Ethereum may be gearing up to challenge its all-time high (ATH). As of the time of writing, according to CoinMarketCap data, the trading price of ETH is $4,279.18, up 2.18% in 24 hours; while Bitcoin is priced at $118,293.89, down 1.18% during the same period.

【Vision Endorsed|V God Outlines the Ultimate Blueprint for Ethereum L1 Infrastructure】 Ethereum co-founder Vitalik Buterin (V God) timely depicted the long-term technical vision for Ethereum this week, adding fuel to the market's enthusiasm. He emphasized several core directions:

  • Ultra-Light Node: Enhances network accessibility and decentralization.
  • Built-in Privacy: Enhances the protection of user transactions and data.
  • Seamless Self-Custody: Optimizes the user asset control experience.
  • Full-Stack Verification: Build a complete verifiable tech stack from decentralized applications (dApps) to running hardware. Buterin believes that this evolution will make "Trustless Security" a social norm, comparing the outdated "trust me" systems to drinking unfiltered tap water. This vision points the way for the long-term development of Ethereum's L1 infrastructure.

[BlackRock On-Chain Anomaly|Market Speculation Arises] As the market heats up, a chain operation by BlackRock has drawn attention. Blockchain analysis platform Arkham Intelligence reported that on August 5, this asset management giant transferred 2,544 BTC and 101,975 ETH from its ETF-related address to Coinbase Prime. This move has sparked market speculation: is this a routine liquidity management operation, or does it signify some kind of strategic position adjustment? This action adds more suspense to a week already filled with events for Ethereum.

Conclusion: The US Ethereum spot ETF has set a record with a net inflow of $1 billion in a single day, especially with BlackRock's ETHA surpassing $10 billion in Assets Under Management, marking a new height in institutional capital recognition of Ethereum. The recent strong performance of ETH (with a weekly rise of 19%, far exceeding BTC) and Vitalik Buterin's articulation of the ultimate vision for Ethereum's L1 infrastructure together form a strong bullish narrative. Although BlackRock's recent on-chain large transfers remain unclear in intent, market sentiment is evidently leaning towards optimism. As institutional funds continue to flow in through compliant ETF channels, whether Ethereum can leverage this momentum to break through historical highs will become one of the most closely watched focuses in the cryptocurrency market. Meanwhile, Ethereum's long-term technical roadmap in scalability, privacy, and user experience will continue to influence its attractiveness as a mainstream institutional asset.

ETH-2.82%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 20
  • Repost
  • Share
Comment
0/400
AlwaysTogethervip
· 11h ago
Steadfast HODL💎
View OriginalReply0
AlwaysTogethervip
· 11h ago
Steadfast HODL💎
View OriginalReply0
AlwaysTogethervip
· 11h ago
Steadfast HODL💎
View OriginalReply0
AlwaysTogethervip
· 11h ago
Steadfast HODL💎
View OriginalReply0
AlwaysTogethervip
· 11h ago
Steadfast HODL💎
View OriginalReply0
AlwaysTogethervip
· 11h ago
Steadfast HODL💎
View OriginalReply0
AlwaysTogethervip
· 11h ago
Steadfast HODL💎
View OriginalReply0
AlwaysTogethervip
· 11h ago
Steadfast HODL💎
View OriginalReply0
AlwaysTogethervip
· 11h ago
Steadfast HODL💎
View OriginalReply0
AlwaysTogethervip
· 11h ago
Steadfast HODL💎
View OriginalReply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)