After four consecutive days of outflows, spot Ether ETFs made a strong comeback on Thursday, attracting $287.6 million in net inflows, according to data from SoSoValue. This marks a significant reversal after funds saw over $924 million in withdrawals between August 15 and August 21.
BlackRock Dominates ETF Inflows
The iShares Ethereum Trust (ETHA), managed by BlackRock, led the surge with $233.5 million in inflows. The Fidelity Ethereum Fund (FETH) followed with $28.5 million, while other ETFs averaged around $6 million each.
This rebound pushed cumulative net inflows above $12 billion, signaling renewed institutional confidence in Ethereum after a bearish week.
According to the Strategic ETH Reserve (SER), spot Ether ETFs now hold 6.42 million ETH, worth $27.66 billion. This represents 5.31% of Ethereum’s circulating supply.
On Thursday alone, 66,350 ETH were added, strengthening ETF reserves and reflecting growing investor appetite for ETH exposure.
Beyond ETFs, corporate treasury reserves are also on the rise. SER data shows that major institutions now hold 4.10 million ETH, valued at $17.66 billion.
Notably, SharpLink Gaming purchased $667 million worth of Ether on Tuesday at near-record highs, bringing its total holdings to 740,000 ETH (around $3.2 billion). SharpLink now ranks second-largest ETH holder after Bitmine Immersion Tech, which owns 1.5 million ETH.
Community Debates Institutional ETH Hoarding
While large-scale ETH accumulation is seen as a bullish signal, it has sparked debates on decentralization. Some argue that institutional holdings reduce network decentralization, a key value of Ethereum.
Others believe these purchases strengthen Ethereum’s price, reduce circulating supply, and increase DeFi utility, as ETH is the backbone of decentralized finance.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.