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Spot ethereum ETFs see largest daily outflow ever

Meanwhile, on-chain activity is increasing while treasury companies keep stockpiling more ethereum.

8/5/25 12:28PM

Spot ethereum ETFs trading in the US recorded their largest daily outflow since inception with over $465 million in outflows on Monday. The lion’s share stemmed from BlackRock’s iShares Ethereum Trust ETF, accounting for 80% of total outflows, data from SoSoValue shows. If outflows continue at this pace, spot ethereum ETFs will end a streak of 12 weeks of consecutive inflows.

The price of ethereum has dropped 2.2% in the last 24 hours and 6.3% in the past seven days, per CoinGecko.

Other notable news in the ethereum world:

Ethereum’s network activity is heating up. The blockchain’s on-chain transaction volume in July exceeded $238 billion, marking a roughly four-year high, data from The Block shows. On Monday, the number of active addresses was close to its record high, while total daily transactions on a seven-day moving average touched 1.7 million, the network’s highest level ever.
SharpLink Gaming announced Tuesday that it’s increased its total ethereum holdings to 521,939 tokens worth over $1.9 billion and raised $264.5 million in net proceeds through its at-the-market facility.
The Ether Machine purchased an additional 10,605 ethereum tokens or $38.6 million, bringing its cumulative holdings to about $1.3 billion, according to a Monday press release.
GameSquare purchased 2,717 ethereum tokens for $10 million, per a Monday press release. Connected to its ethereum crypto-native treasury strategy, GameSquare is implementing a stock repurchase program that is “funded through net proceeds generated by the onchain yield platform.”
An unidentified whale has also scooped up $141.6 million in ethereum from digital asset prime broker FalconX in the past two days, data from blockchain analytics firm Arkham Intelligence shows.

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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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