Ethereum (ETH) recently hit a new all-time high of $4,935.52, capping a month of strong growth that saw its value jump over 35%. This bullish trend is fueled by increasing institutional investment, significant milestones, and a general sense of renewed optimism among investors.
According to data from SoSoValue, institutional interest is strong, with Ethereum spot ETFs seeing a net inflow of $337.6 million on August 22 alone. Since their launch, these ETFs have attracted over $12.4 billion in total inflows, bringing their combined net assets to $30.5 billion. This amount represents 5.2% of Ethereum's total market capitalization and highlights the growing involvement of large financial institutions like BlackRock and Fidelity, which are leading the inflows.
This rally follows a historic achievement for Ethereum, which became the fastest major asset to reach a $500 billion market cap, doing so in just 5.8 years. In comparison, Bitcoin took 12 years and Apple took 35 years to achieve the same milestone, underscoring crypto's status as the fastest-growing asset class in history.
The rapid price increase also caused significant market volatility, with nearly $18 million in ETH positions being liquidated in a single hour, the highest amount among major cryptocurrencies. This rally lends weight to earlier predictions by crypto analyst Benjamin Cowen, who suggested that Ethereum was "returning home" to its long-term growth curve.
The rally also benefited Bitmine Immersion (BMNR), the largest corporate holder of Ethereum, which holds $6.61 billion in the asset. The company's stock price rose over 12% in sync with Ethereum's price increase.
August 2025, Cryptoniteuae