PANews reported on August 11 that according to SoSoValue data, Ethereum spot ETFs had a net inflow of US$327 million last week (August 4 to August 8, Eastern Time). It is worth noting that all nine ETFs had net inflows.
The Ethereum spot ETF with the largest weekly net inflow last week was Fidelity ETF FETH, with a weekly net inflow of US$109 million. The total net inflow of FETH has reached US$2.37 billion. The second largest was Blackrock ETF ETHA, with a weekly net inflow of US$105 million. The total net inflow of ETHA has reached US$9.85 billion.
As of press time, the total net asset value of the Ethereum spot ETF was US$23.38 billion, the ETF net asset ratio (market value as a percentage of Ethereum's total market value) reached 4.77%, and the historical cumulative net inflow has reached US$9.82 billion.


Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more
