Ethereum ETFs Flooded with $1.42 Billion in Nine Days, BlackRock Dominates

Over the past nine days, Ethereum ETFs have seen a massive influx of $1.42 billion in net inflows, narrowing the gap with Bitcoin ETFs to almost nothing. This buying streak has been dominated by BlackRock's ETHA fund, which has absorbed a whopping $1.02 billion, accounting for 72% of all category flows.

BlackRock has bought every single day since August 17, without missing a single day of net buying across the entire run. The concentration of inflows is unusual, with no other Ethereum ETF issuer matching BlackRock's distribution reach into the channels where this capital sits.

The spot trading volume has softened to its 16th percentile year on year since the rally began on August 19, raising questions about whether flows alone can sustain price momentum. Ethereum is hovering around its 200-week moving average for the first time since breaking support in late January, with roughly 1.1 million ETH accumulated near that level acting as potential resistance.