Ethereum’s price may have slipped below $3,400 in the latest market correction, but the mood among big-money players appears far from bearish.
Even as ETH shed nearly 7% over the week, BlackRock’s Ethereum ETF stood out from the pack — logging zero outflows on August 1 while nearly every other crypto ETF saw investors pull back.
Data from Farside shows VanEck, Bitwise, and Grayscale leading the day’s ETH ETF outflows, with $47.7 million, $40.3 million, and $37.2 million respectively. Other issuers like 21Shares, Fidelity, Franklin Templeton, ProShares, and Coinbase also saw redemptions. BlackRock’s unshaken position suggests it’s in no rush to scale down exposure, signaling a long-term conviction in Ethereum’s future.
This resilience comes on the back of a stellar July for ETH ETFs, which recorded net inflows on 30 of 31 trading days, pulling in $5.43 billion for the month. BlackRock’s ETHA alone attracted over $4 billion, helping extend a 20-day inflow streak before August’s brief pause.
Behind the scenes, Ethereum whales have been quietly building positions. Since July 9, 12 new wallets have accumulated 808,347 ETH — worth about $2.85 billion — reinforcing the view that institutional and high-net-worth players are steadily rotating capital from Bitcoin to Ethereum. Analysts point to July’s ETF inflow surge as a key driver of ETH’s mid-month breakout, contrasting with Bitcoin’s largely flat ETF volume.
With major funds holding firm and whale wallets loading up, Ethereum looks well-positioned to remain a focal point for institutional flows — even in the face of short-term volatility.
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Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/blackrocks-ethereum-etf-defies-market-dip-with-zero-outflows/