Ethereum Attracts Record-Breaking ETF Inflows Amid Price Correction

Ethereum's price dipped to $2,436 on August 29, as the cryptocurrency market experienced a downturn of 1.71% within 24 hours, with a total crypto market capitalization of $2.62 trillion.

The recent decline comes despite Ethereum's impressive recovery from approximately $1,900 in mid-August, where it surged past $2,200 and repeatedly challenged the $2,500 level before experiencing a pullback.

U.S. spot Ethereum ETFs have attracted significant inflows, accumulating $1.52 billion over 10 consecutive trading days, with BlackRock's ETHA dominating the market, capturing approximately 72% of total flows with $1.02 billion in inflows across nine sessions.