Ethereum traded at $2,436 on August 29 as tighter Federal Reserve expectations pressured digital assets. The broader cryptocurrency market declined 1.71% over 24 hours, with total market value falling to $2.62 trillion. Bitcoin traded below $78,000, while XRP was around $1.38.
Ethereum was consolidating between support at $2,350 and resistance at $2,500 heading into the weekend.
Ethereum ETFs Record Sustained Inflows
U.S. spot Ethereum ETFs recorded inflows of $102.18 million on August 28, marking the tenth consecutive day of net inflows. The aggregate inflow during the ten-day period reached approximately $1.52 billion, demonstrating sustained institutional demand despite declining prices.
The streak included the largest weekly inflow in years—$824.42 million since October 2025. August 27 was the strongest day, with $234.51 million in inflows.
BlackRock's ETHA led daily demand with $83.79 million in inflows and held $8.46 billion in assets. BlackRock's ETHB attracted $42.64 million, while Fidelity's FETH saw withdrawals of $24.26 million. Grayscale, Bitwise, VanEck, and Franklin products recorded no daily flow changes.
Total historical net inflows across Ethereum ETFs increased to $12.97 billion, with combined assets reaching $15.23 billion.
Divergence Between ETF Demand and Market Pressure
Ethereum ETF demand contrasted with broader market weakness driven by Federal Reserve signals. Bitcoin ETFs recorded $201.81 million in withdrawals on August 27, highlighting divergent flows between the two largest digital assets.
The persistent ETF inflows occurred as Ether declined 2.33% during the period, indicating institutional buying despite near-term price pressure.
Regulatory Developments
The CLARITY Act advanced following House passage but faced ongoing negotiations in the Senate over ethics, anti-money-laundering, and enforcement provisions. A procedural vote is scheduled for September 15 to determine if supporters can secure the 60 votes needed to advance the measure.
