NEW YORK, August 13, 2024 - In a historic achievement, Ethereum ETFs have recorded their first-ever positive weekly flows. According to Arkham Intelligence, these ETFs saw a net inflow of 31,500 ETH, worth approximately $75.07 million, over the past week.

BlackRock, one of the world's leading asset management firms, played a significant role in this surge, accumulating an impressive $168.55 million in ETH. The most notable inflow for BlackRock occurred on August 7, when the firm received $108.02 million worth of ETH in a single day.

This milestone marks a significant shift in market sentiment toward Ethereum. Ethereum ETFs began trading in the U.S. in late July, representing a key step in the broader integration of digital assets into mainstream finance.

The crypto community has responded positively to this historic milestone. Analyst Michael Van de Poppe commented on Twitter, “The first day of zero outflow on Ethereum has been recorded. This is an important week. If we see a net inflow of more than $50 million this week, it could signal the start of a strong upward trend for Ethereum.”

Data from SoSoValue indicates that daily net inflows into U.S.-listed spot Ethereum ETFs reached $4.93 million on Monday. Specifically, Fidelity and Franklin Templeton saw inflows of $3.98 million and $1 million, respectively, while Bitwise recorded $2.86 million in positive flows. Grayscale’s funds, however, did not experience any inflows.

According to the latest CoinShares report, digital asset investment products collectively saw $176 million in inflows last week, with Ethereum benefiting the most from recent market fluctuations. Ethereum alone saw $155 million in inflows, raising its year-to-date total to $862 million—the highest since 2021. This increase is largely attributed to the recent launch of U.S. spot-based ETFs.

As of the latest update, ETH has decreased by 1.02% over the past 24 hours, trading at $2,645, reflecting a broader market trend.