Movement Alert|iShares Ethereum Trust ETF Rises 5.6% in After-Hours Trading, Crypto ETF Inflows Reverse as Institutional Demand Resurges

Market Focus
Aug 20

On August 19, iShares Ethereum Trust ETF rose 5.6% in after-hours trading, trading at $16.7553/share, with turnover of approximately $33.56 million.

On the news front, crypto spot ETF markets experienced a significant reversal, with Bitcoin ETFs recording $297.56 million in single-day net inflows led by BlackRock's IBIT at $160.23 million, while Ethereum ETFs collectively attracted $30.85 million in net inflows. This marks a decisive shift from the prior outflow trend, as Q2 13F filings revealed institutional Bitcoin holdings rose 7.5% quarter-over-quarter to approximately 536,000 BTC, even as spot ETFs faced record monthly outflows of $4.5 billion in June.

The fund flow reversal was further supported by on-chain data showing large-scale ETH accumulation, including a whale withdrawing 90,000 ETH worth approximately $170 million from Binance for staking, and mining firm Bitmine acquiring 13,000 ETH at depressed levels. BlackRock's dominant position in Ethereum ETF flows, having single-handedly reversed a two-day outflow streak earlier this month, underscores the concentration of institutional capital toward leading issuers.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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