Tom Lee Spots ‘Good Sign’ as Ethereum ETFs Buy $189M in Biggest Day for 10 Months

• ETH-USD

• U.S.-listed Ethereum ETFs attracted their biggest daily inflow since October 2025.

• Tom Lee called the surge a “good sign” as Ethereum climbed approximately 30% over seven days.

• Lee recently predicted ETH would exceed $5,000 before the end of 2026, requiring another 109% gain from current levels.

Ethereum’s institutional comeback is gaining momentum after US spot exchange-traded funds recorded their strongest day in almost 10 months.

The products attracted $189.15 million on Aug. 19, accelerating a three-day inflow streak as Ethereum’s price surged toward $2,400.

BitMine chairman Tom Lee described the sudden return as a “good sign,” just days after he highlighted other bullish signals for Ethereum’s price.

The move has led bulls to speculate whether Lee’s bullish Ethereum forecast of $5,000 before the end of 2026 could be on the horizon.

Ethereum ETF Inflows Reach 10-Month High

US spot Ethereum ETFs recorded $189.15 million in net inflows on Aug. 19, their strongest single-day result since Oct. 28, 2025

BlackRock’s iShares Ethereum Trust ETF led the session with approximately $122.12 million, accounting for nearly 65% of the daily total.

Fidelity’s Ethereum Fund followed with $36.54 million, while Grayscale’s Ethereum Mini Trust added $16.04 million.

Together, the three products generated more than 92% of the day’s net inflows.

The surge followed inflows of $71.47 million on Aug. 18 and $30.85 million on Aug. 17, taking the three-day total to approximately $291.47 million.

Ethereum ETFs have now attracted roughly $534.2 million during August, making it their strongest month of 2026 so far.

Responding to the figures on Friday, Aug. 21, Lee wrote on X: “This is a good sign.”

Bitwise’s Horsley also highlighted a sharp increase in activity across the firm’s crypto products.

He said Bitwise ETFs generated another $300 million-plus session, led by approximately $106 million in trading volume for its Bitcoin ETF.

“Prices definitely seem to have woken up interest,” Horsley said.

Ethereum Price Surges as Wider Crypto Market Grows

The institutional activity has arrived alongside one of Ethereum’s strongest rallies of the year.

ETH was trading near $2,390 at the time of writing, representing a gain of approximately 4.3% over 24 hours and 30.4% over seven days

The rally has also spread across the wider crypto market.

Bitcoin moved above $78,000 to reach a 12-week high, while XRP and Solana also posted substantial gains.

The total crypto market capitalization rose approximately 6.6% over 24 hours to $2.63 trillion.

Source: <a href="https://finance.yahoo.com/markets/crypto/articles/tom-lee-spots-good-sign-144751709.html” target=”_blank” rel=”nofollow noopener”>finance.yahoo.com