U.S. spot Ethereum 
$2,335 ETFs achieved a remarkable accomplishment on Thursday by attracting net inflows of $639.6 million, marking the eighth consecutive day of positive gains. As per SoSoValue data, BlackRock’s ETHA has led the charge with a substantial net inflow of $519.7 million. Over the past eight days, cumulative inflows to these ETFs have risen to an impressive $3.71 billion. Meanwhile, according to CryptoAppsy price data, Ethereum, a giant in the altcoin market, has experienced a 2.03% decrease over the past 24 hours, trading at $4,655.
BlackRock’s ETHA Leads the Pack
The net inflow on Thursday into Ethereum ETFs totaled $639.6 million, affirming an ongoing trend of positive inflows in U.S. ETFs for eight consecutive days. This development highlights the continuous demand for ETF channels following the record-breaking volumes observed at the beginning of the week.
Among various ETF-based tables, BlackRock’s ETHA stood out with a substantial net inflow of $519.7 million. Grayscale’s Ethereum Mini Trust saw a net influx of $60.7 million, while Fidelity’s FETH product registered a net inflow of $56.9 million. Invesco’s Ethereum ETF maintained a positive trajectory, albeit limited.
The strong start behind this positive inflow series can be traced back to Monday’s record-setting net influx of $1.02 billion, which sustained the momentum throughout the week. The cumulative inflows of $3.71 billion over eight days indicate a widespread investor interest across the product family.
Recent Trend in ETH Price
In terms of ETH pricing, short-term fluctuations have been noticeable. After nearing $4,800 within the week, the price plummeted by up to 6% over the past 24 hours, settling around $4,400. However, it slightly recovered, trading at $4,655 during the preparation of this report. Despite this, within a weekly timeframe, the altcoin giant saw an 18.95% increase in valuation.
This momentum has also been reflected in institutional forecasts. Analysts from Standard Chartered have revised their previous year-end target for Ethereum from $4,000 to $7,500. The strengthening market momentum fueled this significant change.
For comparison, in the Bitcoin 
$78,084 sector, spot Bitcoin ETFs recorded a net inflow of $230.9 million on Thursday. Although this figure is lower compared to Ethereum ETFs, it is significantly higher than Wednesday’s $86.9 million influx.
