Ethereum Soars Past $4,400 as ETF Inflows and Corporate Buys Spark 21% Weekly Surge

Ethereum (ETH) extended its rally on August 12, climbing to $4,429 and securing a 21% gain over the past week, outpacing Bitcoin’s more modest performance. 

The move comes as U.S. inflation data reinforced expectations of a September Federal Reserve rate cut, while institutional demand for ETH ETFs hit unprecedented levels.

In the last 24 hours alone, ETH gained 3.13%, compared to Bitcoin’s 0.6% rise, fueled by three key factors: record ETF inflows, aggressive corporate treasury accumulation, and bullish technical indicators.

ETF Demand Surge Creates Supply Crunch

Ethereum spot ETFs recorded $1.02 billion in inflows on August 12, the largest single-day total since their launch in July. BlackRock’s ETHA ETF accounted for $426 million, according to sources. This demand now absorbs 3.2 times the daily ETH issuance – with 2,600 ETH created post-EIP-1559 burns versus 8,400 ETH bought via ETFs in a single day.
ETF holdings now represent 4.7% of Ethereum’s circulating supply, creating structural supply pressure that could sustain price momentum. Analysts are also watching the SEC’s decision on XRP ETFs, expected by August 15, which could trigger a broader cross-asset rally in digital assets.

Corporate Treasury Arms Race

BitMine Immersion announced a $24.5 billion stock sale to purchase Ethereum, following SharpLink’s $389 million raise earlier this month. Public companies now hold 1.15 million ETH (worth about $5 billion) – an 84% increase since July.
Treasury strategies are increasingly mirroring MicroStrategy’s high-profile Bitcoin accumulation, with Ethereum now being treated as “productive collateral” through staking yields of around 3% annually.

Read More:

Bitcoin Pushes Past $122,000 as ETF Inflows and Corporate Buys Spark Bullish Momentum

Standard Chartered projects that corporates could hold 10% of Ethereum’s total supply by 2026, up from just 1% today.

Technical Breakout Signals More Upside

Ethereum’s rally is reinforced by a bullish MACD crossover and an RSI reading that confirms strong momentum. The ETH/BTC ratio has risen 18% month-to-date, signaling a notable capital rotation from Bitcoin into Ethereum.
With macro conditions potentially turning more favorable and both ETF and corporate demand surging, Ethereum’s path toward retesting all-time highs appears increasingly plausible – especially if the expected Fed rate cut in September materializes.