Overview
- U.S. spot Ethereum ETFs recorded $189.15 million in net inflows on Aug. 19, the largest single-day figure in about 10 months, with BlackRock’s ETHA taking roughly $122 million of that total.
- ETH’s market reacted sharply to the flows, climbing about 18% in 24 hours to near $2,375 and breaking several resistance zones before pausing below the $2,500 level.
- On-chain data show exchange-held ETH fell roughly 15% over an 11-week span, dropping from about 7.70 million to 6.54 million ETH, and large-wallet withdrawals including wallet 0x2d59 and Abraxas Capital removed significant supply.
- August inflows have topped roughly $530 million and total U.S. spot-ETF net assets for ETH sit near $12.06 billion, a shift that multiple funds registering inflows suggests is broader than a single-product move.
- The rapid impact reflects how ETF creation mechanics and flow concentration can move spot prices, so further large, focused buys or redemptions and continued whale withdrawals are key risks to watch next.