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Spot Ethereum ETFs in the U.S. purchased seven times more ETH than the network produced on Monday, despite lower inflows. The trend highlights strong demand for ETH through ETFs, even on slower trading days. Analysts remain bullish on Ethereum’s short-term price potential.
- Ethereum ETFs bought 7x more ETH than the network issued on a slow trading day.
- BlackRock's ETHA ETF had $132M inflows, while Fidelity's FETH saw $49.2M outflows.
- Analysts predict ETH could rally to $4,700-$5,000, citing historical August bullish trends.
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