$ETH Spot Ethereum ETFs recorded $60.86 million in net inflows on August 5, led by BlackRock, as fresh institutional buying returned to ETH.
The inflow coincided with the ETH/BTC pair testing a breakout level not seen in roughly nine years, according to analysts. On-chain data also pointed to large whale accumulation during the consolidation period, with BlackRock clients among those increasing exposure to the asset.
The inflow coincided with the ETH/BTC pair testing a breakout level not seen in roughly nine years, according to analysts. On-chain data also pointed to large whale accumulation during the consolidation period, with BlackRock clients among those increasing exposure to the asset.