Ethereum Exchange-Traded Fund inflows surge to a staggering $461 million
The cryptocurrency market witnessed a significant event on August 8, 2022, as Ethereum (ETH) surged past the $4,000 mark for the first time since December 2024, triggering a wave of excitement among investors. This surge resulted in $105 million worth of Ether short liquidations, accounting for about 53% of the total $199.61 million in short liquidations across the crypto market.
BlackRock's Ether ETF (ETHA) was a notable player in this rally, purchasing a total of 62,936 ETH, worth $254 million, on that day. ETHA's share price also surged 5% on August 8, 2022, closing at $30.79. The total trading volume during the session was $1.7 billion, while inflows into spot Ethereum ETFs shot up to more than $460 million. ETHA saw the most inflows among all US Ethereum ETF issuers on August 8, 2022.
The current Ethereum rally could potentially signal a positive trend for the broader cryptocurrency market. Crypto analyst Michael van de Poppe suggests that Ethereum is setting up for a big breakout towards All-Time Highs (ATHs), and this rally could set the stage for a broader altcoins season moving ahead.
Experts from Coinbase Institutional and other analysts expect a full-scale altcoin season to develop by September or in Q3/Q4 2025. Significant rallies of 75-150% gains in altcoins are predicted, with Ethereum and similar projects leading the charge.
The altcoin season is expected to be driven not only by Ethereum’s momentum but also by rising interest in DeFi, AI, and associated crypto projects, coupled with stablecoin inflows enhancing liquidity and volatility in altcoins. Some forecasts also note the recurring pattern where Bitcoin leads initially during strong rallies, then capital rotates into altcoins for outsized returns, a dynamic seen in previous cycles and expected in 2025 as well.
However, it's worth noting that Michael van de Poppe advises that it might be too risky to buy ETH at these highs, but it could yield a higher return to allocate funds within the ETH ecosystem. Eric Trump noted that the ETH short liquidations put a smile on his face, indicating increased bullish sentiment among investors.
In summary, multiple authoritative sources agree that the current market conditions—including Ethereum’s rally, inflows from Ethereum-related ETFs, and declining Bitcoin dominance—are converging to favor a significant altcoin season in the coming months, potentially generating substantial gains for altcoin investors. Other altcoins, such as XRP, ADA, SOL, DOGE, have also shown strength, gaining 5-10% on Friday.
[1] Coinbase Institutional, "Altcoin Season Is Coming: What You Need to Know," (2025). [2] The Block, "Altcoin Season Index Hits 42, But Is It Time to Buy Altcoins?," (2025). [3] Decrypt, "Altcoin Season 2025: Everything You Need to Know," (2025). [4] Bloomberg, "Altcoins Set to Outshine Bitcoin in 2025," (2025). [5] Forbes, "Why the Altcoin Season of 2025 Could Be the Biggest Yet," (2025).
Technology played a significant role in the current cryptocurrency market rally, particularly with Ethereum's (ETH) surge past the $4,000 mark. Investors looking to capitalize on this trend might find opportunities in technology-focused projects, including DeFi, AI, and associated crypto projects.
The anticipated altcoin season, driven by Ethereum's momentum and rising interest in DeFi, AI, and related crypto projects, could offer substantial returns for tech-savvy investors.
