BlackRock’s Ethereum ETF leads $640 million inflow spree, hits record trading volumes

US spot Ethereum exchange-traded funds (ETFs) extended their winning streak on Aug. 14, recording $639.6 million in net inflows.

Data from SoSo Value shows that BlackRock’s ETHA led the surge with $519.7 million in inflows.

It was followed by Grayscale Ethereum Mini Trust, which saw $60.7 million in inflows, Fidelity’s FETH attracted $56.9 million, and Invesco’s product added $2.2 million. Other issuers reported no inflow activity for the day.

Nate Geraci, president of NovaDius Wealth, highlighted the scale of the inflows. He pointed out that the Aug. 14 inflow ranked as the fourth-highest day for spot ETH ETFs since launch, with three of the top four days occurring this week.

He also noted that nearly $3 billion has entered these products over the past four trading sessions.

Considering this, Geraci said the Ethereum-focused funds are “quickly becoming a vacuum” for fresh investor capital.

Record trading volumes

Meanwhile, the inflows coincide with record trading activity, signaling increased institutional participation.

Ethereum ETFs Trading Volume (Source: Geraci/X)

Bloomberg ETF analyst Eric Balchunas highlighted that BlackRock’s ETF traded $3 billion on Aug. 13, marking the ETF’s largest single-day volume to date and ranking seventh overall in trading volume across all ETFs and stocks.

This activity level places ETHA in the top 0.1% of all ETFs and stocks, surpassing trading volumes in major institutions like JPMorgan and Berkshire Hathaway.

BlackRock’s ETHA Trading Volume (Source: X/Balchunas)

Geraci added that these figures point to a broader trend that institutional investors are not only increasing exposure to Ethereum but are also relying on regulated ETFs as a primary avenue for participation.

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