Ethereum ETF Inflows Extend to 8-Day Streak Amid Speculation of $5K Price Surge
U.S. exchange-traded funds are on a notable winning streak, bolstering market confidence in Ethereum ETF inflows and impacting the asset’s price trajectory positively.
Summary
- On August 14, U.S. Ethereum ETF inflows reached $639.6 million, marking the eighth consecutive day of positive inflows.
- A total of approximately $3.7 billion has been accumulated over these eight days, indicating robust institutional interest.
- Market sentiment is optimistic, with Polymarket bettors estimating a 55% chance that ETH will reach $5,000.
On August 14, Ethereum ETFs saw another influx of $639.6 million, as per data from SoSoValue. BlackRock dominated these inflows with around $520 million, followed by Grayscale and Fidelity with $61 million and $57 million, respectively.
Invesco Galaxy was the fourth issuer, contributing a modest $2.3 million, while the remaining five recorded no activity. Ethereum (ETH) ETFs have now experienced positive inflows for eight consecutive days, bringing total inflows to about $3.7 billion.
This positive trend follows a prior 20-day streak of similar inflows, highlighting the funds’ strong performance in recent months, and signifies a notable recovery from their earlier sluggishness compared to Bitcoin (BTC) ETFs.
The renewed momentum coincides with Ether reaching multi-month highs, astonishing the broader market with double-digit gains after an extended period of low activity. While the asset dipped 1.5% in the last 24 hours to trade at $4,642 at the time of writing, it remains up nearly 20% for the week and over 56% from its recent lows.
With ETFs demonstrating solid institutional interest, there is growing optimism regarding fresh price targets.
Ethereum ETF inflows may support $5,000
Polymarket odds indicate a 55% likelihood that Ethereum will reach $5,000 before August ends. Although bets decreased by 9% today, likely due to the recent price dip, current odds reflect widespread industry expectations for this milestone.
Optimistically, the probability of Ethereum surpassing the previous all-time high of $4,800 from November 2021 stands at 90%, highlighting the generally positive outlook for the asset. This optimism is bolstered by a growing institutional demand for Ethereum.
In addition to ETF issuers, numerous corporate institutions are investing heavily in ETH, allocating billions towards accumulation and various treasury strategies.
Looking long-term, analysts foresee even greater potential. Standard Chartered has recently raised its year-end Ethereum forecast to $7,500, up from an earlier prediction of $4,000. Some in the industry, including Tom Lee, chairman of the largest corporate ETH holder, believe the $7,500 target might be conservative, anticipating that ETH will substantially exceed current market forecasts.
Long-term projections are now set at $12,000 by late 2026, $18,000 in 2027, and $25,000 by 2028–29. However, the transition from a new all-time high above $4,800 to $5,000 and eventually to $25,000 will hinge on Ethereum sustaining its current momentum and upward trajectory.