On August 21, exchange-traded funds based on the second-largest cryptocurrency by market capitalization recorded a net capital inflow of $287.61 million. This positive result ended a four-day streak of outflows.
The ETHA fund from BlackRock attracted $233.59 million, leading the list by volume. FETH from Fidelity received $28.53 million, ETHW from Bitwise $6.99 million, Grayscale’s ETF $6.36 million and $5.92 million, and ETHV from VanEck $6.21 million.
Bitcoin funds experienced an outflow of $194.32 million, marking the fifth consecutive day of declining inflows.
Ethereum Outlook
Former BitMEX CEO Arthur Hayes announced his purchase of the second-largest cryptocurrency by market cap. According to him, the asset’s chart indicates further growth.
Arthur Hayes just admitted he bought back ETH because “the chart says it’s going higher.”
He sees Ethereum running up to $20K this cycle.
He’s overweight $ETH 🚀 pic.twitter.com/Yd3q1t0aCe
— SamAlτcoin.eth 🇺🇸 (@SamAltcoin_eth) August 21, 2025
Hayes believes that in the current cycle, Ethereum’s price could reach $20,000. The expert added that Ethereum holds a larger share in his portfolio compared to Solana.
At the time of writing, the second-largest cryptocurrency by market cap is trading at $4,331 (+0.6% for the day), according to CoinGecko. Over the past month, the asset’s price has increased by 16.6%.
On August 20, $240.14 million was withdrawn from Ethereum ETFs in a single day, while Bitcoin-based funds saw an outflow of $311 million.