Overview

• CoinShares reported $3.75 billion in net inflows last week, with roughly 77% directed to Ether products and BlackRock’s iShares ETHA capturing over $2.3 billion.
• Spot crypto ETFs posted record trading activity, with about $40 billion in combined volume and approximately $17 billion from Ether ETFs, according to Bloomberg analyst Eric Balchunas.
• Ether ETFs now hold around 6.5 million ETH—about 5.3% of supply—while on‑chain trackers report declining exchange reserves, including a single 93,000 ETH withdrawal from Kraken.
• SoSoValue logged $196.6 million in net outflows from Ether ETFs on Aug. 18, ending an eight‑day inflow streak as prices retrenched to roughly $4,200 for ETH and $115,000 for BTC.
• Flows were overwhelmingly U.S.-driven at about 99% of last week’s total, concentrating market leadership and keeping sentiment highly sensitive to macro signals this week.