Peter Smith
Something big is happening with Ethereum. After months of sideways action, institutional money is flooding back into Ethereum (ETH) through U.S. exchange-traded funds for eight straight days. BlackRock just dropped $520 million on August 14 alone, while Grayscale and Fidelity added $61 million and $57 million respectively. Total daily inflows hit $639.6 million, according to SoSoValue data.
Why Smart Money is Suddenly Bullish on Ethereum (ETH)
This isn't just a hot streak – it's $3.7 billion worth of institutional "we believe in Ethereum" money. Remember when these ETFs launched to crickets? Those days are over.
ETH itself is having its moment too. Sure, it dipped 1.5% to $4,642, but zoom out: 20% gains this week and 56% bounce from this month's low. That's the kind of action that gets everyone excited.
ETH Price Target: $5,000 Before September?
Polymarket shows 55% odds for ETH hitting $5,000 before August ends. Even better? 90% odds for breaking the $4,800 all-time high.
Standard Chartered just doubled their year-end ETH forecast from $4,000 to $7,500. Tom Lee thinks that's still too low. Multi-year projections? $12,000 by late 2026, $18,000 in 2027, and $25,000 by 2028-29.
With institutional money flooding in and corporate treasuries loading up on ETH, these targets might not be as crazy as they sound.
Peter Smith
