The 8-day series has ended on Ethereum: BitMine balanced it with a large purchase.

Since the beginning of August, the positive streak that has lasted for eight days in Ethereum spot ETFs, which have attracted significant investment, came to an end yesterday.

A total of 60 million dollars was withdrawn from ETFs. The table was not saved by the 338 million dollars net investment made in BlackRock's ETF. 101 million dollars were withdrawn from Grayscale ETF, and 272 million dollars from Fidelity ETF. Other ETFs also closed the day with losses exceeding 20 million dollars.

Ethereum ETFs performed quite well on a weekly basis. On the first day of the week, over 1 billion dollars was invested in these funds, marking the highest investment amount recorded since the ETFs were launched in July 2024. With a weekly investment of 2 billion 850 million dollars in Ethereum ETFs, they also set a record in this regard.

While exiting from ETFs, big purchases from BitMine

Although ETFs closed the day in the red, demand for ETH continued unabated with corporate purchases. BitMine, which is traded on the New York Stock Exchange and chaired by Tom Lee, purchased ETH worth 600 million dollars in the last 24 hours. The company's total ETH reserve thus approached 1.3 million ETH and (5.8 billion dollars).

On the other hand, Bitcoin ETFs ended the 7-day positive streak with a loss of 14 million dollars. Similar to Ethereum, Bitcoin ETFs closed the week positively with a net investment of 550 million dollars.

Published: August 16, 2025 15:28