Ethereum ETF Inflows Top $2.3B in Six Days as Institutions Pile In
Ethereum is closing in on its 2021 record price, driven by surging institutional demand and unprecedented inflows into U.S. spot Ethereum ETFs.
On Wednesday alone, these funds attracted $729.1 million — the second-largest single-day haul since launch — with BlackRock’s ETHA pulling in $500.9 million and Fidelity’s FETH adding $154.7 million. Over the past six days, ETF inflows have topped $2.3 billion, pushing ETH above $4,900.
Price Target Raised to $7,500
Standard Chartered has sharply upgraded its year-end forecast for Ethereum from $4,000 to $7,500, citing the strength of ETF inflows, institutional accumulation, and improving network fundamentals. Since June, ETFs have absorbed 3.9% of ETH’s circulating supply, surpassing even corporate treasury buying rates.
Whales Show Conviction
Whale activity is reinforcing the bullish sentiment. One unidentified investor acquired 379,000 ETH worth $1.8 billion in just 10 days, while another re-entered the market with a $70 million buy after previously cashing out.
While some early ICO holders and the Radiant Capital hacker have taken profits, on-chain data points to heavy withdrawals from exchanges — a sign that selling pressure is easing.
With ETH now trading at $4,730, just 2.5% shy of its all-time high, analysts see the combination of shrinking supply, institutional momentum, and whale accumulation as setting the stage for a potential breakout.
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Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
