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    Ethereum ETFs Explode: BlackRock Holds 58% ETF Alone Despite Price Drop

    Story Highlights
    • Spot Ethereum ETFs attracted $3.7 billion inflows in the past two days, showing strong institutional demand.

    • Meanwhile, BlackRock’s ETHA fund now holds 58% of all Ethereum ETF assets, dominating market.

    • Despite Ethereum price dip to $4,200, ETFs continue accumulating, signaling bullish long-term outlook.

    Ethereum is stealing the spotlight again as institutional money keeps pouring in. In just two weeks, spot Ether ETFs raked in a massive $3.7 billion, with BlackRock’s ETHA fund alone holding 58.03% of all ETH under management. 

    While retail traders worry about price swings, big institutions keep quietly adding ETH, showing strong confidence in Ethereum’s future.

    BlackRock Leads the Pack

    Ether has been leading the way in spot ETF inflows over the past few weeks. Meanwhile, data from Fairside shows that spot Ether ETFs brought in around $3.7 billion during their latest eight-day inflow streak starting on August 5.

    However, recent data from CryptoQuant shows that Ethereum ETFs now hold about 6.01 million ETH in total. Out of this, BlackRock dominates with its ETHA fund, which alone holds 3.49 million ETH, more than half of the total. This firmly places BlackRock as the leading player in the space.

    Other major players include Grayscale’s ETHE fund holds 1.13 million ETH, while ETH holds 706,704 ETH, and Fidelity’s FETH manages 476,499 ETH. Together, these funds highlight how institutions are steadily building exposure to Ethereum.

    Daily Growth Signals Rising Confidence

    The latest data also reveals fresh inflows. Grayscale’s ETHE saw an addition of 12,837 ETH in just one day, while another ETF, ETH, gained 59,014 ETH. These figures suggest that despite recent volatility in the broader crypto market, institutional demand for Ethereum remains strong.

    This trend has been echoed by on-chain analysts, who note that the rally in ETH is being heavily ETF-driven, with BlackRock setting the pace.

    Why This Matters for Ethereum’s Price

    Even with strong ETF inflows, Ethereum’s price has been unstable, recently falling to $4,200 in a day. Meanwhile, traders are now watching closely, as a further drop toward the key $4,000 support could trigger over $1 billion in liquidations, possibly sparking a bigger market sell-off.

    At the same time, spot ETF data shows a different picture. While retail traders seem worried, institutions are quietly adding more ETH to their holdings.

    This steady accumulation through ETFs could help soften the impact of short-term sell-offs and, if conditions improve, may even set the stage for Ethereum’s next breakout.

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    FAQs

    What is driving Ethereum ETF inflows?

    Institutional demand and BlackRock’s ETHA dominance are fueling strong ETH ETF inflows.

    How do ETFs impact Ethereum price?

    ETF inflows support ETH demand, helping stabilize prices despite market volatility.

    Is ETH a good investment?

    As the altcoin season begins, the short-term gains make Ethereum a lucrative buying option. However, the long-term promises of this programmable blockchain make it a viable long-term crypto investment. 

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