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.Ethereum ETF Flows, CoinglassETH 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.Trade ETH Market on Kalshi and Get a $25 Signing-up Bonus BlackRock Ethereum ETF Is Doing the Heavy LiftingBlackRock’s ETHA accounted for roughly $173 million of the August 20 inflows.