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Spot ethereum ETFs’ outflows on pace for highest ever

After 14 weeks of positive inflows, the funds have seen $626.3 million in outflows this week.

Sage D. Young

Spot ethereum ETFs have had 14 consecutive weeks of inflows, accounting for nearly 84.7% of the investment vehicles’ cumulative inflows of more than $12 billion. However, this week’s outflows are putting the streak in jeopardy, with roughly $626.3 million leaving the funds so far this week.

This is the highest level since they went live last year, data from SoSoValue shows.

On Tuesday alone, the Fidelity Ethereum Trust recorded $156 million in outflows, leading the pack, while the Grayscale Ethereum Trust took second place, notching $122 million in outflows. 

The price of ethereum has dropped almost 9% in the past seven days. Meanwhile, trading volume has decreased as well. Its 24-hour trading volume is $41 billion, while a week ago it saw $53 billion, according to CoinGecko

The ETF outflows and price slump comes as BitMine Immersion Technologies, the treasury firm holding the most ethereum, overtook bitcoin behemoth Strategy in terms of weekly trading volume for the first time. Between August 11 and 17, BitMine generated $32 billion in trading volume, compared to Strategy’s $22.7 billion in the same period, per Blockworks Research.

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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 platforms 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 tokens 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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