Ethereum ETF Pulls $221M as ETH Eyes Another Breakout

Ethereum is back in the spotlight after U.S. spot Ethereum ETF pulled more than $220 million in fresh capital on August 20. The funds recorded more $219 million in net inflows, extending their winning streak to four consecutive trading days. BlackRock’s ETHA once again dominated the session with about $173 million in inflows.

That puts the August 20 flow above the $189.15 million recorded one day earlier. The back to back inflows suggest institutional demand has not slowed after Ethereum’s sharp recovery.

ETH is also surging above the $2,300 level. CoinGecko data shows Ethereum trading around the $2,360 area in recent market data, with its market cap remaining above $270 billion.

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BlackRock Ethereum ETF Is Doing the Heavy Lifting

BlackRock’s ETHA accounted for roughly $173 million of the August 20 inflows. That was followed by BlackRock’s ETHB with about $35.9 million, while Fidelity’s FETH added $5.8 million.

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