Ethereum’s Open Interest Hits $10 Billion, ETF Inflows Surge to Records

Ethereum’s open interest on Binance recently surpassed the $10 billion mark, despite a slight daily dip. This surge is largely driven by record inflows into Ethereum ETFs, exceeding $1 billion for the first time ever. BlackRock and Fidelity are leading this influx, with ETF assets reaching $1.0188 billion on August 11, 2025. This substantial inflow has propelled ETH prices above $4,200 while amplifying market volatility. Analysts highlight that this rapid rise in activity could set the stage for a short squeeze if price increases force traders to cover their positions quickly.