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Ethereum trades under $4,300 with outflows from spot ETFs continuing to ooze

Weekly outflows have climbed to $866.5 million for the first time.

8/21/25 10:49AM

As ethereum sticks in the $4,200 and $4,300 range, daily outflows from ethereum US spot ETFs haven’t stopped, extending to a four-day streak.

On Wednesday, outflows stood at over $240 million, as iShares Ethereum Trust ETF saw nearly $257.8 million in outflows that were only slightly offset by Grayscale and Fidelity’s positive inflows for the day.

The week’s total outflows total to $866.5 million, the first time the funds have reached this mark, data from SoSoValue shows.

In other ethereum news:

On Thursday, Singapore-based DBS Bank announced it will tokenize structured notes on ethereum, the company’s first tokenized product aimed at addressing institutional appetite for digital assets. “With this initiative, a broader segment of investors can now tap our digital asset ecosystem to build exposure to the asset class,” Li Zhen, head of foreign exchange and digital markets at DBS, said in a statement.
The Ethereum Foundation is starting the next stage of its “Trillion Dollar Security Project” by focusing on UX issues for crypto wallets. “Our research showed these to be the most urgent issues facing both individual and institutional users of Ethereum and Ethereum-based applications,” a Wednesday blog post said.
Meanwhile, the US Department of the Treasury has filed a request for public comments for input on methods to identify illicit activity with digital assets, such as digital identity verification techniques “by decentralized finance (DeFi) services’ smart contracts to automatically check for a credential before executing a user’s transaction,” according to a notice filed this week.

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Ripple launches treasury platform to manage cash and cryptocurrencies

Ripple, the firm closely tied to the fifth-largest cryptocurrency, XRP, introduced a new treasury platform for digital asset and traditional cash management for users like financial officers, treasurers, and accountants.

Ripple’s move comes more than three months after it acquired treasury software provider GTreasury for $1 billion, one of several steps to grow the firm’s position in corporate finance.

Combining Ripple’s blockchain rails and GTreasury’s software, the new platform’s goal is to simplify treasury operations. It eliminates settlement delays with payment times of three to five seconds and optimizes yield from working capital 24/7 through tokenized money market funds such as BlackRock’s BUIDL and overnight secure repo markets with RLUSD, according to a Tuesday blog post.

Ripple Treasury also aims to provide “real-time cash positions, automated forecasting, and seamless reporting across traditional cash, digital assets, RLUSD, and XRP holdings,” the blog post stated.

Last year, Ripple filed its national banking license application with the US Office of the Comptroller of the Currency, while the firm’s subsidiary Standard Custody & Trust Company applied for a Federal Reserve master account, which would allow Ripple to hold RLUSD reserves directly with the Fed.

XRP has seen $2.4 billion in trading volume in the last 24 hours, increasing 1.8% in the period. The token’s all-time high was set in July 2025 at $3.65. Meanwhile, spot XRP ETFs had nearly $9.2 million worth of inflows on Tuesday, bringing cumulative inflows to $1.4 billion.

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