Nearly a quarter of recorded inflows into US spot ethereum ETFs happened this week
Meanwhile, Ronin Network, known for the blockchain game “Axie Infinity,” announced plans to launch an ethereum layer 2 network.
Ethereum is trading around the $4,500 level as US spot ETFs continue to attract investors. The funds saw $639.6 million of inflows on Thursday, led by BlackRock’s iShares Ethereum Trust ETF with $519.7 million. So far, inflows for the week stand at more than $2.9 billion, representing nearly 23% of the cumulative total for the investment vehicles, data from SoSoValue shows.
Spot Ether and Bitcoin ETFs combined traded 11.5b yesterday. For context that’s about the same volume as Apple stock. https://t.co/X7kKHFhPy2
— Eric Balchunas (@EricBalchunas) August 15, 2025
Yesterday, the Ronin Network announced plans to roll out an ethereum-aligned layer 2 blockchain with the goal to become “the gamification engine” for the network. “This cycle has been the institutional adoption cycle for crypto. So far, gaming has yet to lean into this,” a blog post said.
Ronin is known for its game “Axie Infinity,” which lost over $600 million in crypto in a 2022 hack.
Meanwhile, several public companies focused on accumulating ethereum released their Q2 earning reports:
BTCS, which has 70,140 ethereum, recorded about $2.8 million in quarterly revenue, representing a 394% increase from Q2 2024 and a 64% jump from Q1 2025. However, the firm announced a net loss of $13.4 million during the past six months, driven by “unrealized depreciation on retained crypto assets” and “realized losses from the strategic divestiture of non-Ethereum crypto assets,” according to a press release.
Bit Digital, which holds 121,076 ethereum, saw $25.7 million in total revenue for Q2 2025, an 11.7% decrease from Q2 2024 “driven by a decrease in digital asset mining revenue as the Company focused on Ethereum-native treasury and staking strategies,” per a Thursday press release. Bit Digital CEO Sam Tabar said in a statement, “Our objective is to build one of the largest on-chain ETH balance sheets in the public markets and to generate attractive staking yields for shareholders.”
SharpLink Gaming, the second-largest ethereum treasury company, holding 728,804 ethereum, reported a $103.4 million loss as the result of a noncash impairment loss and noncash stock-based compensation.
