On August 13, U.S. spot Ethereum exchange-traded funds (ETFs) recorded $729.1 million in net inflows.
This was the second-highest daily total since the products began trading.
BlackRock’s iShares Ethereum Trust (ETHA) led with $500.9 million, followed by Fidelity’s Ethereum Fund (FETH) at $154.7 million. Four other spot Ethereum ETFs also posted smaller inflows.
The day’s total followed a record $1.02 billion on Monday, August 11, and $523.9 million on Tuesday, August 12 — marking three straight sessions above the half-billion mark.
Spot Ethereum ETFs directly hold ETH on behalf of shareholders. When investors buy ETF shares, the fund must purchase the same amount of Ethereum to back those shares — a process known as “share creation.” This increases demand in the spot market.
By the end of August 13 trading, Ethereum price had risen 2% in the past 24 hours to $4,743, placing it within 3% of its November 2021 all-time high of $4,878.
Standard Chartered Raises 2025 ETH Price Target
Standard Chartered Bank lifted its year-end 2025 Ethereum forecast from $4,000 to $7,500. Geoffrey Kendrick, the bank’s Head of Digital Assets Research, specifically attributed the revision to a combination of market, policy, and technology factors.
Since early June, corporate treasuries and ETFs have purchased an estimated 3.8% of all ETH in circulation, according to the bank’s analysis. Treasury-focused companies — firms holding ETH as part of their corporate reserves — are estimated to have acquired roughly 2.3 million ETH. This is approximately 1.9% of supply, in just two and a half months. ETFs accounted for the remainder.
Kendrick emphasized the regulatory backdrop as another driver. In July, the GENIUS Act became law. This created the first U.S. federal framework for stablecoins — cryptocurrencies pegged to fiat currencies such as the U.S. dollar.
Standard Chartered estimates that over half of all stablecoins operate on Ethereum and generate about 40% of the fees paid on its network. The bank projects the stablecoin market could grow to $2 trillion by 2028. Moreover, this could potentially boost Ethereum’s transaction revenue and related activity across decentralized finance (DeFi). Currently, about 65% of total value locked currently resides on the Ethereum network.
Ethereum’s Inflow Pace Surpasses Bitcoin’s Launch Week Records
Ethereum developers are working on upgrades to increase the network’s base-layer capacity while offloading high-volume transactions to “Layer 2” networks such as Base and Arbitrum. These are secondary blockchains built on top of Ethereum that process transactions faster and more cheaply.
Standard Chartered views this scaling roadmap, combined with Ethereum’s leading position in DeFi, as supportive of long-term adoption and price growth.
The pace of Ethereum ETF inflows this week rivals early activity in U.S. spot Bitcoin ETFs. In their launch week in January 2024, Bitcoin ETFs recorded $655 million in net inflows on their strongest day. Ethereum’s $1.02 billion record on August 11 and $729.1 million on August 13 both exceeded that figure. This suggests unusually rapid uptake among institutional and retail investors.
Additionally, while Ethereum led inflows on August 13, U.S. spot Bitcoin ETFs recorded $86.9 million in net additions. Bitcoin’s price briefly hit a new all-time high above $124,000 before trading at $122,704. This is up 2.8% over the past 24 hours.