Spot Ether ETFs have seen over $3 billion in net inflows within the first two weeks of August, positioning them for the second-strongest monthly performance to date. Daily inflows have averaged over $700 million, peaking with a notable inflow of $729 million recently. The asset's underlying value surged to a yearly high of $4,765.83 before retracting, currently trading above $4,600, reflecting a nearly 20% increase this week. This capital flow has brought total net assets in spot ETF products to a record $29.22 billion, indicating renewed investor interest. The cumulative net inflows since the launch of these ETFs stands at $12.73 billion, and they are on track for their fifth consecutive month of positive inflows. Leading this charge is BlackRock’s iShares Ethereum Trust with significant contributions, demonstrating strong market demand. Predictions from Fundstrat suggest substantial upside for ETH, estimating prices could reach $15,000 by year-end, underlining ETH's potential as a major investment in the long term.

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