BlackRock’s iShares Ethereum (ETH) Trust ETF (ETHA) recorded $1.244 billion in weekly inflows from Aug. 18-22, ranking second among all 4,400-plus ETFs tracked during the period.

NovaDius Wealth president Nate Geraci noted in an Aug. 29 post via X that only Vanguard’s S&P 500 ETF outperformed ETHA’s with $1.711 billion in weekly flows.

He also highlighted the significance of ETHA appearing among “heavy hitters” in weekly inflow rankings, demonstrating institutional appetite for Ethereum exposure.

Further, Bloomberg ETF analyst James Seyffart reported on Aug. 29 that Ethereum ETFs have accumulated nearly $10 billion in inflows since July, marking substantial momentum for the asset class.

Before this surge, Ethereum ETFs had recorded negative $400 million year-to-date flows, amounting to approximately $2.5 billion, according to Farside Investors’ data.

Capital rotation

Market conditions indicate that capital is rotating from Bitcoin to Ethereum throughout August. While Bitcoin ETFs registered $800 million in outflows through Aug. 28, Ethereum ETFs accumulated $4 billion in inflows during the same period, per Farside Investors tracking.

The inflow disparity reflects evolving institutional preferences as investors diversify cryptocurrency allocations beyond Bitcoin.

Additionally, retail participation accelerated in tandem with institutional interest. DeFiLlama data shows that Ethereum achieved a monthly spot trading volume record of $135 billion as of Aug. 29, surpassing the previous high of $117.6 billion from May 2021.

The institutional adoption is not limited to exposure through ETFs, as corporate Ethereum adoption accelerated significantly during the summer months.

Strategic ETH Reserve data reveals corporate Ethereum treasuries increased from $2.3 billion to $19.1 billion between June 1 and Aug. 29.

In token terms, corporate reserves expanded from 916,268 ETH to 4,438,352 ETH over the same period, representing approximately 3.7% of total ETH supply.

The treasury accumulation pattern, combined with the increasing number of institutions adding ETH, suggests institutional recognition of Ethereum as a treasury asset.

ETHA’s performance demonstrates the integration of Ethereum into mainstream investment flows, with crypto products competing directly against established equity and bond ETFs for investor capital.

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Non-fungible token (NFT) sales surged to more than $574 million in July, the second-highest monthly volume this year, according to data from NFT tracker CryptoSlam. 

The figure represented a 47.6% increase from June’s $388.9 million but trailed January’s $678.9 million, the highest monthly sales volume in 2025. 

The number of transactions dipped from 5.5 million to five million, a 9% drop month-over-month. However, the average sale value climbed to $113.08, the highest in six months, suggesting a growing appetite for higher-value assets.

Unique buyers dropped to 713,085, down 17% from July’s 860,134, while unique sellers increased to 405,505, up 9% month-on-month. The imbalance suggests buyers are consolidating, with fewer participants making larger purchases. 

According to NFT Price Floor, the overall market capitalization for the NFT sector is over $8 billion, up 21% from its valuation of $6.6 billion on July 24. 

Ether-based collections dominate the NFT space in July

In July, Ether (ETH) surged to over $3,900, a 62% increase from its Aug. 1 price of about $2,400. At the time of writing, ETH maintained a price above $3,800. 

The asset’s rally also influenced an increase in valuations for Ethereum-based collections. In the last 30 days, NFT Price Floor data shows that all of the top 10 collections by market capitalization are Ethereum-based NFTs. 

In terms of total value traded in 30 days, CryptoPunks led the list with over $69.2 million, according to NFT Price Floor. Pudgy Penguins followed with $55.5 million, while the Polygon-based Courtyard NFTs held the third spot with $23.8 million. 

Growth-wise, Pudgy Penguins outpaced even CryptoPunks in July. The collection showed a remarkable 65.44% increase in floor prices. This eclipsed the performance of other blue-chip collections like the Bored Ape Yacht Club (BAYC) or the Mutant Ape Yacht Club (MAYC). 

Related: Memecoin $79B rally means capital has nowhere better to go: Exec

Ethereum blockchain records $275 million in NFT sales

Ethereum continued to dominate blockchain-based NFT activity, with $275.6 million in sales. This marked 56% growth in the last 30 days, according to CryptoSlam. Bitcoin and Polygon followed, recording $74.3 million and $71.6 million, respectively. 

Meanwhile, Cardano showed the most significant percentage growth at 102%, while Solana saw modest gains of 8%. 

Despite being one of the top blockchains by NFT sales, Polygon’s sales volume fell by 51.1% from the previous month. BNB Chain had a 54% decrease in sales. 

Magazine: Jack Butcher’s no fan of NFT royalties: ‘You’re getting paid on churn’

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