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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.

Sage D. Young

8/15/25 10:22AM

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.

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Sage D. Young1/28/26

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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