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ETF Inflows Keep Momentum: Eight Straight Days of Net Purchases
U.S.-listed Ethereum exchange-traded funds (ETFs) continued their winning run on August 14, posting another day of net inflows and reinforcing institutional interest in Ether (ETH). According to SoSoValue, the sector pulled in a combined $639.6 million, bringing the recent streak to eight consecutive days of inflows and roughly $3.7 billion since the rally began.
Big players dominate the flow
BlackRock led the pack with approximately $520 million in fresh inflows, while Grayscale and Fidelity added $61 million and $57 million respectively. Invesco Galaxy contributed a smaller $2.3 million, and the remaining issuers reported no activity for the day. The return of steady institutional demand marks a clear change from the funds’ slow start relative to Bitcoin ETFs and signals growing confidence among large asset managers.
Price Reaction: ETH Near Multi-Month Highs
Ether’s price performance has followed the ETF momentum. ETH traded near $4,642 at press time after a modest 1.5% pullback in the last 24 hours, but it remains up almost 20% on the week and more than 56% from this month’s low. The rebound pushed ETH into multi-month highs and sparked renewed optimism for further upside.
ETF flows and price mechanics
ETF inflows can influence the spot market by increasing demand for the underlying asset as issuers and market makers source ETH to back the funds. The visible institutional appetite for Ethereum ETFs has prompted analysts and traders to revisit bullish price targets, suggesting ETFs could act as a structural tailwind for ETH price discovery.
Market Odds and Price Targets: $5,000 in Sight
Short-term sentiment also reflects the ETF-driven momentum. Polymarket odds that ETH reaches $5,000 before the end of August sit at about 55%, down roughly 9% intraday amid the latest pullback. Meanwhile, market-implied probabilities for a new all-time high above the $4,800 November 2021 peak are near 90%, underlining broad optimism among crypto traders and bettors.
Institutional accumulation and long-term forecasts
Beyond ETF issuers, major corporations and treasuries have been accumulating ETH, strengthening the narrative of prolonged institutional demand. Banks and research houses have adjusted long-term models accordingly. Standard Chartered recently doubled its year-end Ethereum forecast to $7,500 from $4,000, while some market commentators — including proponents tied to large corporate ETH treasuries — argue even higher outcomes are possible.
Multi-Year Upside Scenarios
Long-term projections that have circulated within the industry range from $12,000 by late 2026 to $18,000 in 2027 and as high as $25,000 by 2028–29. While these targets are speculative, they reflect how analysts are pricing in sustained adoption, scaling upgrades to the Ethereum network, and continued ETF-driven inflows. Moving from a refreshed all-time high above $4,800 to $5,000 and beyond will hinge on whether institutional demand, macro conditions, and network fundamentals remain aligned.
For traders and long-term investors, the intersection of ETF demand and Ether’s on-chain health will be key signals to watch as markets weigh the probability of a $5,000 breakout and larger multi-year price targets.
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