Latest Crypto News, August 12 – ETH ETFs Record $1 Billion Inflow: Best Altcoin To Buy?

On August 11, U.S. spot Ethereum ETFs saw a huge surge in demand, with total net inflows hitting $1.019 billion. BlackRock’s ETHA led the charge, pulling in $640 million on its own. Spot Bitcoin ETFs also posted strong numbers, with $178 million in net inflows, of which BlackRock’s IBIT accounted for $138 million. Despite the ETF strength, the broader crypto market eased back yesterday as Bitcoin’s price retraced to around $118K, leaving several sectors in the red. Investors are now asking what’s the best altcoin to buy in this environment.

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