Ethereum ETFs See Massive Surge as BlackRock Drives Record-Breaking Inflow

The cryptocurrency market witnessed a remarkable surge in investment, driven primarily by the influx of capital into Ethereum Exchange-Traded Funds (ETFs) during August. According to TraderT data, these funds received an unprecedented $3.8 billion in net inflows, making it the second largest monthly inflow since their inception. This substantial movement signifies growing confidence from both institutional and retail investors in regulated investment vehicles backed by ETH.