Ethereum (ETH) ETFs See $1.52B Influx Over 10 Days Despite Price Decline

Key Highlights

Table of Contents

ETH price reached $2,436 on August 29, experiencing a 2.33% daily decline
Spot Ethereum ETFs in the U.S. achieved 10 consecutive days of positive inflows, accumulating $1.52 billion
BlackRock’s ETHA dominated with $1.02 billion across nine sessions, capturing approximately 72% of total flows
Senate cloture vote on the CLARITY Act scheduled for September 15
Critical support level identified at $2,350, while resistance hovers at $2,500

On August 29, Ethereum declined to $2,436 as the wider cryptocurrency market experienced a 1.71% downturn in a 24-hour span, bringing the aggregate crypto market capitalization to $2.62 trillion. Bitcoin hovered under $78,000 while XRP remained steady near $1.38.

The recent price decline comes despite ETH’s substantial recovery from approximately $1,900 levels observed in mid-August. The cryptocurrency surged beyond $2,200 and repeatedly challenged the $2,500 threshold before experiencing a retracement.

On August 28, U.S. spot Ethereum ETFs registered $102.18 million in net inflows, extending a remarkable 10-day streak of consistent positive fund flows. The cumulative inflows throughout this period reached approximately $1.52 billion.

The week concluding around August 21 witnessed roughly $697 million flowing into Ethereum ETF products — representing the most robust weekly performance in approximately 10 months and establishing a 2026 peak at that time, according to SoSoValue data.

BlackRock’s ETHA Captures Lion’s Share of ETF Capital

BlackRock’s ETHA attracted approximately $1.02 billion throughout nine consecutive trading sessions spanning August 17 to August 27, representing roughly 72% of total U.S. spot Ethereum ETF inflows during this timeframe.

BLACKROCK BUY STREAK: $1 BILLION $ETH
BlackRock’s clients have purchased over $1 Billion of ETH without any days in which they net-sold. In the past 9 days, BlackRock’s ETHA ETF purchased $1.02B of ETH.
BlackRock’s ETHA estimated average buy price is $3,060 ETH. pic.twitter.com/JAy824MUag
— Arkham (@arkham) August 28, 2026

The most impressive single-day performance occurred on August 27, recording $225.8 million in inflows — the largest daily figure registered since October 28, 2025. ETHA’s total net inflows since launching in July 2024 now approach $12.74 billion, with net assets hovering around $8.46 billion.

The approximately 385,633 ETH accumulated during this eight-day window suggests an average acquisition cost ranging between $2,490 and $2,550. This figure remains considerably below ETHA’s lifetime average cost basis of roughly $3,060.

It’s important to note that spot ETF flows represent client-initiated transactions rather than proprietary BlackRock investments. When investors purchase ETHA shares, the fund procures Ethereum through Coinbase Prime to maintain appropriate backing.

On August 28, Fidelity’s FETH stood as the sole fund experiencing outflows, shedding $24.26 million. Grayscale, Bitwise, VanEck, and Franklin offerings reported zero movement in daily flows.

Technical Analysis: Key ETH Price Thresholds

ETH’s RSI measured 44.09, indicating diminished momentum while remaining outside oversold conditions. The MACD line registered at 0.65, positioned beneath the signal line at 12.62, with the histogram declining to -11.97.

ETH/BTC is sitting at a key breakout level.
Price is forming a triangle with lower highs and higher lows. The range keeps getting tighter, which means a big move is getting closer.
A breakout above the trendline could send $ETH toward $2,800.
A rejection could push it back… pic.twitter.com/KSz9iiGZov
— Ash Crypto (@AshCrypto) August 29, 2026

Market analyst Ash Crypto observed on X that the ETH/BTC pair is developing a triangle formation with a narrowing trading range. According to his analysis, a successful breakout above the trendline could propel ETH toward $2,800, whereas a rejection might drive it back to the $2,000–$2,200 zone.

If this is a true breakout on $ETH, we're expecting to see a lot more upside, probablyanother leg.
My expectations are that the next leg goes to $3,200, perhaps even $3,500 and stalls from there.
Don't sell your positions too early. pic.twitter.com/YXxmvktELn
— Michaël van de Poppe (@CryptoMichNL) August 29, 2026

Trading analyst Michaël van de Poppe (@CryptoMichNL) shared his perspective that should ETH validate a genuine breakout, he anticipates the subsequent rally could target $3,200, with potential extension to $3,500.

The CLARITY Act, having already cleared the House, now awaits a Senate cloture vote scheduled for September 15, requiring 60 affirmative votes to proceed.