BlackRock IBIT Leads With $888M as ETH ETFs See $2.85B Inflow

Ethereum spot exchange-traded funds (ETFs) just had their best week yet. Between August 11 and August 15, the products drew $2.85 billion in net inflows, according to data from SoSoValue. That marks an all-time high for Ethereum ETFs and signals that demand remains strong despite recent price swings. Ethereum’s market price slid more than 3% during the week, but that didn’t deter investors. The scale of inflows points to rising institutional appetite and a longer-term focus. Instead of backing away from volatility, buyers are leaning into exposure through regulated funds.

BlackRock Emerges as Market Leader

Bitcoin ETFs also performed well, bringing in $548 million in the same period. BlackRock’s iShares Bitcoin Trust (IBIT) stood out with $888 million in net inflows for the week. The result reinforces IBIT’s dominance in the Bitcoin ETF space and underlines BlackRock’s growing influence in digital assets. Yet the spotlight wasn’t only on Bitcoin. Ethereum ETFs captured a far larger share of the inflows, showing how investor preferences are broadening. Analysts suggest Ethereum’s expanding use cases in decentralized finance and tokenization are fueling this shift.

Mixed Fortunes Among ETH Issuers

The record numbers didn’t translate evenly across all funds. BlackRock’s ETHA fund on Nasdaq led Ethereum issuers, pulling in $338 million in a single day. That pushed its cumulative net inflows to $12.16 billion, with total assets under management now at $15.69 billion. ETHA has secured the top spot as the largest Ethereum spot ETF in the U.S. Other issuers had a tougher week. 

Fidelity’s FETH fund saw $272 million in outflows. Grayscale’s ETHE product recorded redemptions of over $100 million. Despite these setbacks, the broader momentum remained positive as investors moved toward lower-fee, high-liquidity options. Smaller issuers like VanEck, Franklin, Invesco, and 21Shares saw little change, with net assets under $300 million each. Analysts believe that if current patterns hold, capital will continue to consolidate around the biggest players.

Institutional Confidence on Display

The surge in inflows underlines a clear message: institutions are becoming more confident in crypto as an asset class. BlackRock’s leadership across both Bitcoin and Ethereum shows its ability to attract large pools of capital. At the same time, Ethereum’s strong showing highlights investor interest in diversifying beyond Bitcoin. With $2.85 billion flowing into Ethereum ETFs in just one week, the market is signaling maturity. For both institutions and individual investors, this shift suggests that digital assets are gaining ground as mainstream investment products.