{"id":26083,"date":"2025-08-14T14:46:56","date_gmt":"2025-08-14T11:46:56","guid":{"rendered":"https:\/\/forklog.com\/en\/ether-etf-inflows-outstrip-issuance-since-the-merge\/"},"modified":"2025-08-14T14:46:56","modified_gmt":"2025-08-14T11:46:56","slug":"ether-etf-inflows-outstrip-issuance-since-the-merge","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ether-etf-inflows-outstrip-issuance-since-the-merge\/","title":{"rendered":"Ether ETF inflows outstrip issuance since the Merge"},"content":{"rendered":"

U.S. spot exchange-traded funds tied to the second-largest cryptocurrency attracted $2.45bn over the past month, equivalent to roughly 500,000 ETH. Since the Merge, the network has issued 456,723 ETH<\/a>.<\/p>\n

\"\u041f\u0440\u0438\u0442\u043e\u043a
\u0418\u0441\u0442\u043e\u0447\u043d\u0438\u043a: SoSoValue<\/a>.<\/figcaption><\/figure>\n

This week also set a record, with investors pouring $2.27bn into nine spot Ethereum ETFs.<\/p>\n

Analysts at Standard Chartered noted<\/a> that demand is also being supported by \u201ctreasury\u201d companies such as BitMine and SharpLink. Since June, they have bought 2.3m ETH (1.9% of circulating supply). Over the same period, exchange-traded funds accumulated 3.8% of Ethereum\u2019s issuance.<\/p>\n

Standard Chartered forecast ether at $7,500 by year-end. According to the bank, companies will keep buying and could lift their combined share to 10% of total supply.<\/p>\n

BTC Markets analyst Rachael Lucas believes<\/a> such accumulation is strategic and long term. In her words, it \u201cremoves significant liquidity from the market\u201d.<\/p>\n

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\u201cWhen record inflows into ETFs combine with corporate and sovereign allocations, you get deep structural demand amid constrained supply. That is a recipe for sustained price pressure and a sign that digital assets have firmly entered global capital markets,\u201d she concluded.<\/em><\/p>\n<\/blockquote>\n

At the time of writing, Ethereum trades around $4,750, nearing the all-time high of $4,878 recorded in January, according to CoinGecko<\/a>.<\/p>\n

Activity on Ethereum<\/h2>\n

The average daily number of transactions on Ethereum is holding near a record high, exceeding 1.8m.<\/p>\n

\"\u041f\u0440\u0438\u0442\u043e\u043a
\u0418\u0441\u0442\u043e\u0447\u043d\u0438\u043a: Nansen<\/a>.<\/figcaption><\/figure>\n

For comparison, the L2 networks Arbitrum and Base processed over 3.4m and 8.6m transactions, respectively, over the same period. Rival layer-1 blockchain Aptos posted 3.8m on August 11.<\/p>\n

The number of active addresses on Ethereum has been largely unchanged since 2018, fluctuating between 400,000 and 600,000 with occasional spikes above 1m.<\/p>\n

Falling fees on Ethereum\u2019s mainnet have been evident since 2022. The trend was compounded by the Dencun upgrade<\/a> in March 2024, which significantly lowered transaction costs for L2 solutions.<\/p>\n

The upgrade encouraged users to migrate to cheaper solutions to avoid high mainnet fees \u2014 during periods of congestion they could reach $50 per transaction.<\/p>\n

High-throughput layer-1 blockchains such as Solana and Sui are also competing for market share and user attention. That is forcing the Ethereum Foundation to adapt and revisit its scaling roadmap.<\/p>\n

Polygon Labs chief Marc Boiron told Cointelegraph<\/a> that attempting to compete directly with new L1s on metrics such as throughput could prove \u201cdangerous\u201d for Ethereum.<\/p>\n

Ethereum price to reach $15,000<\/h2>\n

Fundstrat forecast<\/a> a rise in Ethereum\u2019s price to $15,000 by the end of 2025. Co-founder Tom Lee said the asset will be \u201cthe biggest macro trade\u201d over the next 10\u201315 years.<\/p>\n

He stressed that advances in artificial intelligence and Wall Street\u2019s wider embrace of blockchain technology will help.<\/p>\n

Sean Farrell, head of digital-asset research at Fundstrat, noted<\/a> that ether could reach $12,000\u201315,000 by year-end, so \u201cthe upside remains substantial\u201d.<\/p>\n

Lee said Wall Street\u2019s interest will be stoked by forthcoming stablecoin regulation and the SEC<\/span> Project Crypto<\/a>, an initiative aimed at modernising the agency. He added that most \u201cstablecoins\u201d and the projects of major financial firms are built on Ethereum.<\/p>\n

The expert also noted that, since the start of the year, Ethereum has outperformed bitcoin: +28% versus +18%.<\/p>\n

USDC\u2019s link to future Ethereum growth<\/h2>\n

Over the past month, Circle has minted 5.5bn USDC on the Solana network. According to Lookonchain analysts, the influx of new capital could act as a catalyst for a higher ether price.<\/p>\n

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Want to know where the price of $ETH<\/a> is heading? Watch the $USDC<\/a> mints.<\/p>\n

In the past month, #Circle<\/a> minted 5.5B $USDC<\/a> on #Solana<\/a>!<\/p>\n

Freshly minted $USDC<\/a> means new money is flooding the market, a powerful catalyst for a higher price of major assets like $ETH<\/a>.\u2026 pic.twitter.com\/HfXa3pQyYk<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) August 14, 2025<\/a><\/p><\/blockquote>\n