Ethereum tops $2,500 as ETF inflows hit strongest month since launch

Ethereum ↗ 0.37% climbed above $2,500 over the weekend, outperforming a largely flat Bitcoin ↗ 0.32%, as institutional capital continued to pour into U.S. spot Ethereum exchange-traded funds at the fastest pace in a year.

A Billion-Dollar Streak

U.S. spot Ethereum ETFs logged roughly $1.42 billion in net inflows over a nine-to-ten session winning streak through August 28, making August 2026 the strongest month for Ethereum ETF demand since the products launched in mid-2024, according to Crypto Briefing. BlackRock's ↘ 0.34% iShares Ethereum Trust (ETHA) accounted for approximately $1.02 billion of that total, or about 72 percent, over nine consecutive sessions between August 17 and August 27, according to SoSoValue data cited by U.Today.cryptobriefing+1

The streak's final recorded day, August 27, saw $225.8 million flow into Ethereum ETFs, the strongest single-day figure since late October 2025. That same day, Bitcoin ETFs attracted $242.3 million, narrowing the gap between the two products to just $16.5 million.cryptobriefing

Combined assets under management across all U.S. spot Ethereum ETFs now sit in the $12 billion to $13 billion range, with ETHA alone surpassing $12 billion in cumulative net inflows since its July 2024 launch.cryptobriefing

Rotation From Bitcoin, Fed Backdrop

Traders described the sustained inflows as evidence that Ethereum is being treated as a core portfolio allocation rather than a speculative trade. The rotation into ETH-linked products followed Bitcoin's recent rally and came amid hawkish commentary from the Federal Reserve, leading some market participants to favor Ethereum's relative value.dmarketforces

Ethereum traded near $2,494 on August 31 after a roughly 30 percent weekly rally that brought the token back above its aggregate realized price for the first time in 108 days, according to AMBCrypto. Analysts noted that while the breakout through $2,500 showed strong participation, bulls have yet to establish a firm floor at that level.ambcrypto

What Comes Next

The near-term outlook hinges on whether ETF demand can sustain price momentum as spot trading volume softens. Traders flagged $2,381 as the critical support level; holding above it would keep the path toward $2,550 open, while a break below could trigger a pullback toward $2,300. Further out, progress on Ethereum's Glamsterdam protocol upgrade, with a testnet expected in September or October, offers a constructive catalyst.whale-alert+1