BlackRock’s spot Ethereum ETF (ETHA) saw a highly volatile week of trading, initially facing significant selling pressure before staging a notable recovery. According to data from Coinglass, BlackRock’s fund experienced a total of $351.3 million in outflows between August 18 and August 20. The largest single-day sell-off occurred on August 20, with $257.8 million in redemptions, marking a key period of institutional divestment.
However, the momentum quickly reversed. The ETF attracted substantial inflows of $233.6 million on August 21 and an additional $109.4 million on August 22. This shift in institutional sentiment helped propel Ethereum’s price to new record highs, with the cryptocurrency rallying over 8% in a single day and outperforming Bitcoin over the past two months. This surge was also fueled by broader market optimism following signals of a potential interest rate cut from the Federal Reserve.
At the time of writing, Ethereum was trading at $4,713, with its technical indicators, such as the 50-day and 200-day simple moving averages, confirming a strong bullish trend. While the Relative Strength Index (RSI) indicates sustained buying pressure, it also suggests the asset is nearing overbought territory, which could lead to a short-term price correction.
August 2025, Cryptoniteuae
