According to market data from SoSoValue, U.S. spot Ether ETFs recorded a net cash inflow of approximately $1.25 billion this week. Since the beginning of August, spot Ether ETFs have recorded over $4 billion in total net inflows. However, this figure is lower than the $5.5 billion recorded in July.
Meanwhile, Ethereum treasury firms continue to buy ETH at an unprecedented pace. The cryptocurrency data aggregator CoinGecko revealed that these firms purchased a total of 247,033 ETH during the past week.
Bitmine, led by Tom Lee, which holds the largest Ethereum treasury, purchased 190,500 ETH during this period, even as the price of ETH reached a new all-time high (ATH) of $4,946. The company now owns 1.7 million ETH, valued at approximately $7.7 billion, nearly double the holdings of Sharplink, the second-largest corporate shareholder.
Sharplink, the second-largest shareholder, purchased 56,533 ETH at an average price of $4,462 last week, investing $252.2 million in the process. It currently holds 797,704 ETH, valued at approximately $3.6 billion.
