Ethereum ETF single-day fundraising breaks 1 billion USD! Institutional treasury bond-style accumulation drives ETH to break 4,500 USD.

On August 11, the Ethereum (ETH) market witnessed a historic moment— the net inflow of the spot Ethereum ETF listed in the United States exceeded 1 billion USD in a single day, setting an all-time high record. As institutional investors accelerated their "bond-like" long-term accumulation, ETH saw an increase of nearly 4.85% that day, briefly surpassing 4,500 USD, reaching a new high for the year. Market analysts believe that this wave of capital could become a significant driving force for ETH to challenge its historical peak.

ETF fund inflows hit record high, institutional FOMO fully exploded

(Source: SoSo Value)

According to SoSo Value data, BlackRock's ETHA attracted nearly $640 million in a single day, setting a record for the largest daily inflow since the product's launch; Fidelity's FETH ranked second with $276.9 million, also breaking its personal best record.

Other ETF products also performed well: Grayscale ETH saw inflows of $66.6 million, VanEck ETHV had inflows of $9.4 million, and Franklin Templeton EZET, Bitwise ETHW, and 21Shares CETH recorded net inflows ranging from $3.9 to $4.9 million.

This data far exceeds the record of 726.6 million USD set on July 14, and the gap between it and the inflow of Bitcoin ETFs is rapidly narrowing.

Bond-style accumulation: BitMine and SharpLink lead the way

(Source: The Block)

Behind the ETF capital tide is the continuous accumulation of positions by institutional asset management companies.

BitMine purchased 317,126 ETH in just one week, increasing its total holdings to 1,150,000, valued at approximately 5 billion USD, becoming the first company in history to hold over one million ETH.

Following closely, SharpLink announced it has raised $900 million for further acquisitions of ETH, currently holding 598,800 coins. The two companies are positioning themselves as core drivers of long-term growth for Ethereum.

ETH price breaks $4,500, with a year-to-date pump of 40%

According to data from The Block, ETH reached a daily high of over $4,500, setting a new record since the bull market in 2021. So far this year, ETH has increased by 40%, outperforming Bitcoin's gains during the same period.

Historically, the highest price of ETH was $4,878.26 (November 2021), driven by the explosion of DeFi, NFTs, and the Ethereum ecosystem. Today, institutional funds and ETF inflows are becoming the fuel for a new round of pump.

The wave of asset management companies has just begun

The Block data shows that in recent months, Ethereum fund management companies have accumulated over 9 billion USD worth of ETH. Standard Chartered Bank analyst Geoffrey Kendrick predicts that this figure could grow tenfold in the future, reaching 10% of the total supply of ETH.

BitMine also applied on the same day to expand the market capitalization of its stock plan to $24.5 billion to support more ETH acquisitions. Bitwise Chief Investment Officer Matt Hougan stated that ETFs and corporate funding companies are bringing a "demand shock" to ETH, with the amount of ETH purchased by institutions reaching 32 times the new supply on the network since May.

Conclusion

Ethereum ETF single-day capital inflow surpasses 1 billion USD, with the government bond-like accumulation from companies such as BitMine and SharpLink driving ETH prices close to historical highs. As the ETF market expands and institutional holdings continue to grow, ETH may welcome a new wave of bullish momentum. Investors should closely monitor ETF fund flows and corporate acquisition dynamics, as these factors will become the core drivers of market trends in the coming months. For more real-time analysis, please follow the official Gate platform.