Key highlights:
- U.S. spot Ethereum ETFs recorded $1.02 billion in net inflows on Monday, surpassing the $1 billion mark for the first time since launch.
- BitMine Immersion Technologies now holds over $4.96 billion in ETH and plans to raise an additional $20 billion to expand its holdings toward 5% of the total supply.
- ETH price spiked to $4,420 today, its highest since December 2021, following cooler-than-expected U.S. headline inflation data.
Ethereum ETFs cross $1 billion in daily inflows for the first time
U.S. spot Ethereum exchange-traded funds (ETFs) saw unprecedented investor demand on Monday, with combined net inflows reaching $1.02 billion, according to SoSoValue. This marks the first time the funds have surpassed the $1 billion threshold since their launch in July 2024.
Yesterday, spot #Ethereum ETFs set a new record for daily inflows, crossing the $1 billion threshold for the first time in history.$ETH is currently 11.5% down from its all-time high price, which was reached during the #crypto bull market in November 2021. pic.twitter.com/BZSwFdhmF7
— CoinCodex (@CoinCodex) August 12, 2025
BlackRock’s ETHA led the surge with $639.8 million in inflows, followed by Fidelity’s FETH with $277 million, its largest single-day inflow on record. Grayscale’s Mini Ether Trust added $66.57 million, while ETHE brought in $13 million. Other issuers, including Bitwise, 21Shares, Franklin Templeton, and VanEck, also reported positive flows.
Since May, spot ETH ETFs have attracted over $8 billion in net inflows, bringing the cumulative total to $10.83 billion. Over the past month, Ethereum has risen 49%, outpacing many other major crypto assets.
BitMine accelerates ETH accumulation strategy
BitMine Immersion Technologies (BMNR), once a Bitcoin miner, has rapidly emerged as the largest Ethereum treasury holder globally, with 1,150,263 ETH worth approximately $4.96 billion as of August 10. The firm’s accumulation strategy, launched at the end of June, has propelled it to become the third-largest overall crypto treasury, trailing only MicroStrategy and MARA Holdings.
Over the past week alone, BitMine boosted its ETH holdings by $2 billion. The company aims to acquire 5% of Ethereum’s total supply and stake its tokens for yield, competing with other corporate ETH treasuries.
To fuel its buying spree, BitMine is expanding its stock sale program. After nearly exhausting a $4.5 billion authorization, the company now targets raising up to $20 billion more. The firm’s stock ranks as the 25th most traded among U.S.-listed companies, enabling high-volume share sales with minimal price disruption.
ETH price rallies on softer U.S. inflation
Ethereum’s market momentum carried into Tuesday, when U.S. CPI data showed headline inflation slightly below expectations, though core inflation came in marginally higher.
🚨 Just In: July US CPI annual inflation rises 2.7%, below expectations of 2.8%.
Core CPI inflation increased 3.1% Y/Y, compared to forecasts for a gain of 3.0%. pic.twitter.com/m7Nm3oMqnD
— Jesse Cohen (@JesseCohenInv) August 12, 2025
The crypto market reacted positively, with ETH climbing from $4,260 to $4,420, its highest level since December 2021.
The combination of record ETF inflows, aggressive corporate accumulation, and favorable macroeconomic signals appears to be reinforcing bullish sentiment in the Ethereum market.
eToro: Best platform for beginners and social trading
- Trade cryptocurrencies, stocks, ETFs, and commodities on one easy-to-use platform
- Follow and copy top-performing traders with eToro’s unique social trading tools
- Earn passive income with staking on popular coins like ETH, ADA, and TRX
- Fully regulated in multiple jurisdictions with strong security protocols
- 0% commission on real stock trading and competitive spreads on crypto
- 30+ million registered users across 100+ countries
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.