Ethereum just got a big boost from Wall Street. BlackRock’s spot Ethereum ETF (ETHA) recorded over $314 million in net inflows on August 25, marking one of its strongest single-day rebounds. At the same time, Tom Lee, co-founder of BitMine and a well-known market analyst, says ETH could finally be approaching its price floor.
Key Points
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BlackRock’s Ethereum ETF brought in $314.9M in one day after a week of heavy losses.
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ETH ETFs now hold 6.6 million ETH, equal to about 5.45% of Ethereum’s supply.
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Tom Lee predicts Ethereum is near its short-term bottom, pointing to institutional buying as a sign of confidence.
BlackRock Ethereum ETF Stages a Strong Comeback
After suffering nearly $924M in outflows between August 15 and 20, BlackRock’s ETHA is bouncing back fast. Data from SoSoValue shows that on August 25, ETHA gained 67,899 ETH ($314.9M) in fresh inflows, with daily trading volumes hitting $2.4B.
By comparison, ETHA lost just $8.3M last week, showing resilience compared to peers. Fidelity’s Ethereum ETF (FETH) and Grayscale’s mini ETH fund also faced sharp redemptions earlier in the month.
Now, sentiment looks much stronger. Across all issuers, spot ETH ETFs collectively hold 6.6M ETH worth $29.23B, locking away about 5.45% of the circulating supply. BlackRock led the latest rally with $233.5M in inflows, followed by Fidelity at $28.5M.
This ETF activity highlights how institutional demand is slowly absorbing Ethereum’s market liquidity, even during periods of price weakness.
Tom Lee: Ethereum Close to Finding Its Bottom
Alongside these ETF flows, Tom Lee of BitMine is doubling down on his bullish outlook. He believes ETH is trading close to its price floor and may soon stabilize.
His reasoning? Institutions are not just talking — they’re buying. BitMine itself recently added 190,000 ETH ($873M) to its reserves, bringing its total holdings to 1.71M ETH (worth $8.8B). Earlier this year, the firm also scooped up 28,650 ETH during a dip.
Lee’s philosophy is simple: accumulate when others are fearful. With ETFs now showing renewed strength, his prediction of an Ethereum rebound may not be far off.
Why This Matters for Ethereum Investors
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Institutional Confidence: $314M in inflows signals that big money is still betting on ETH.
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Supply Pressure: With ETFs holding over 5% of all circulating ETH, available liquidity on exchanges continues to shrink.
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Market Psychology: ETF demand often acts as a sentiment driver. If inflows continue, retail investors may follow.
If Tom Lee is right, the current environment could mark the early stages of a new consolidation phase before ETH’s next big move.
Final Thoughts
BlackRock’s massive inflow shows that institutional appetite for Ethereum is alive and well, even after weeks of steep outflows. Meanwhile, Tom Lee’s call for a price bottom lines up with ETF accumulation trends.
Short term, ETH may still see volatility. But with ETFs holding billions in assets and whales like BitMine expanding their reserves, the longer-term outlook appears far more stable than the headlines suggest.
FAQs
1. How much did BlackRock’s Ethereum ETF gain in inflows?
It recorded about $314.9 million in net inflows on August 25, one of its strongest daily performances.
2. How much ETH do spot ETFs hold now?
Together, Ethereum ETFs hold 6.6 million ETH, worth around $29.23 billion.
3. What percentage of Ethereum’s supply is in ETFs?
Roughly 5.45% of the total circulating supply is locked in ETFs.
4. Who predicted Ethereum’s price floor?
Tom Lee, co-founder of BitMine, believes ETH is close to its bottom and due for stabilization.
5. Why are ETF inflows important for ETH price?
ETF inflows reduce circulating supply, show institutional confidence, and often attract more retail investors, all of which can support price growth.