Ethereum ETFs See Fourth Consecutive Day of Net Inflows, Totaling Over $220 Million

Ethereum ETFs have seen four consecutive days of net inflows, totaling approximately $221 million on August 20. BlackRock's ETHA fund led the charge with roughly $173 million in flows.

The surge in Ethereum ETF inflows coincides with a significant price increase for Ether itself. The cryptocurrency has jumped 18% over the past 24 hours and is now trading around $2,375. This comes after breaking through resistance levels at $2,000, $2,100, and $2,200.

Derivatives data shows open interest up by 9.7%, with a significant increase in volume of 337%. The number of short liquidations also stands at $1.04 billion, while longs lost only $134.58 million.

Ethereum's market capitalization remains above $270 billion.