Ethereum ETFs just logged $1.42 billion in nine days and BlackRock bought every single one of them

Nine consecutive sessions of net inflows have narrowed the gap with Bitcoin ETFs to almost nothing. But spot volume tells a different story, and one that matters more. Summary U.S. spot Ethereum ETFs recorded $225.8 million in net inflows on August 28, their strongest single day in 10 months, extending a buying streak to nine consecutive sessions worth $1.42 billion. BlackRock’s ETHA fund absorbed $1.02 billion of that total, or 72% of all category flows, without missing a single day of net buying across the entire run. The gap between Ethereum and Bitcoin ETF daily inflows narrowed to just $16.5 million on August 28, down from a factor of 10 on the first day of both streaks. 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. The nine day streak that began on August 17 has been the most concentrated burst of institutional Ethereum buying since the spot ETFs ...