BlackRock Buys Every Day as Ethereum ETFs Close Gap With Bitcoin

Ethereum ETFs posted their biggest day since October 2025

On August 27, U.S. spot Ethereum exchange-traded funds (ETFs) recorded $225.8 million in net inflows. That marked their strongest single day since October 28, 2025, based on Farside Investors data. The total rose from about $192.4 million the day before, a gain of roughly 17 percent from the prior session. It also extended a stretch of daily buying that had run through most of the second half of the month. No fund in the category reported net outflows during the session, and inflows spread across several issuers even as one fund dominated the total.

A nine-session buying streak drew $1.42 billion

The record day capped nine straight sessions of net inflows that began on August 17. Over that stretch, the funds took in $1.42 billion, the most sustained run of institutional Ethereum buying since the products launched. The last session with net outflows was August 11. August 14 was the only day in between to register no net flow either way. Blockchain analytics firm Arkham counted $889.8 million of inflows into BlackRock's fund across the first eight days. That figure matched the Farside tally. The on-chain and fund-flow reports lined up exactly.

BlackRock's ETHA fund drove most of the inflows

BlackRock's iShares Ethereum Trust, ticker ETHA, accounted for about $1.02 billion of the total, or roughly 72 percent. The fund posted net buying on every one of the nine sessions and did not record a single day of net selling. Fidelity's FETH ranked second. It added $56.2 million on its best day of the run, which raised its cumulative inflows to about $2.3 billion. BlackRock's staked Ethereum product, ETHB, contributed $20.7 million on the same day. No other issuer came close to BlackRock's share. Fidelity, Grayscale, and Bitwise also run Ethereum ETFs, but none matched ETHA's daily consistency.

The daily gap with Bitcoin funds nearly closed

On August 27, U.S. spot Bitcoin ETFs pulled in $242.3 million, only $16.5 million more than the Ethereum funds. That was a sharp change from August 17, the first day of both runs, when Bitcoin products had drawn roughly ten times as much. The gap narrowed session by session as the streak went on. The near-parity put Ethereum's daily demand almost level with the larger Bitcoin funds for the first time in months. Cumulative net inflows into U.S. spot Ethereum ETFs have now passed $12 billion since the products launched in July 2024. That total still trails the far larger sums gathered by their Bitcoin counterparts.

Ethereum traded near $2,470 at the time of publication

Ethereum traded at $2,467 at the time of publication, up 1.2 percent over the past 24 hours (CoinPaprika, 30 August 2026). Its market value stood at about $298 billion, and Ethereum remained the second-largest cryptocurrency by market value. The token still traded about 50 percent below its record high near $4,946, set in August 2025 (CoinPaprika, 30 August 2026).

Buying came from outside the core crypto market

The weekly picture pointed to broad demand, with U.S. spot Ethereum ETFs drawing about $713.6 million over the week. Over the same stretch, Bitcoin ETFs took in about $884 million, which narrowed the weekly gap between the two to $171 million. According to Bitwise Europe research associate Max Shannon, the buying appears to come from outside the core crypto investor base. He tied the demand to a rise in cross-asset risk appetite. Even with the inflows, Ethereum has trailed Bitcoin and several large altcoins during the latest rally. Shannon called that divergence warranted after the token's earlier outperformance. He also noted that spot trading volumes stayed subdued through the rally.