Ethereum nears its $4,864 peak as U.S. spot ETFs log a $1B inflow day; reported institutional buys by Sharplink and Fidelity add momentum while Coinbase flags a potential altcoin rotation.
U.S. spot Ethereum ETFs recorded $1 billion in net inflows on August 14, led by BlackRock’s ETHA with $640 million and Fidelity’s FETH with $277 million, lifting total ETF holdings to $25.7 billion and cycle inflows above $10.8 billion. According to Crypto Rover, Sharplink Gaming purchased another 130,000 ETH (about $603.5 million). Onyx Aether reported Fidelity acquired 33,708 ETH (~$160 million). Ethereum is trading within 4.4% of its $4,864 all-time high. Coinbase’s August research outlook flagged a potential altcoin season driven by institutional ETH demand and a possible September Fed rate cut.