Ethereum continued to attract institutional attention last week as spot Ethereum ETFs recorded $244.94 million in net inflows, marking the asset’s strongest performance in almost four months. ETH hovered near $1,923, registering modest gains of around 1% over the past day while demonstrating an ongoing bullish pattern within an ascending channel since August began.
ETF inflows reach four-month highs
The weekly net inflows into spot Ethereum ETFs pushed total cumulative inflows to $11.46 billion. Over the same period, weekly trading volume climbed to $2.38 billion. Bitcoin ETFs also brought in $98.85 million on August 7, securing their fifth consecutive day of positive flows. Ethereum ETFs alone reported $49.60 million of net inflows that day, maintaining their own four-session winning streak.
The increase in ETF inflows followed a steady pattern, with $105.44 million reported on July 17 and $103.90 million on July 24, before the sharp uptick seen in early August.
Large whale purchases drive sentiment
Major Ethereum holders intensified accumulation in recent sessions. Two wallets collectively acquired 80,000 ETH, valued at $152 million. One whale withdrew 30,000 ETH worth $57.21 million from Coinbase Prime, dispersing funds across multiple new wallets. Another wallet obtained 50,000 ETH, worth $95.73 million, from an address linked to Fidelity.





