US spot ethereum ETFs racked up a new record high of $2.9 billion in inflows last week, extending their streak of positive flows to 14 consecutive weeks, data from SoSoValue shows.
Despite the inflows, the price of ethereum has dropped more than 5% in the last 24 hours to around the $4,300 level, a steeper drop than bitcoin and XRP, CoinGecko recorded. In the same period, over $190 million ethereum long positions were liquidated on nine trading platforms, including Binance and HyperLiquid, per CoinGlass.
#Ethereum’s rally once again stalled at the +1σ Active Realized Price (~$4.7K) – a level last breached in Mar ’24. This threshold has repeatedly acted as resistance in prior cycles, highlighting it as a key area of overheated conditions and selling pressure. pic.twitter.com/gG1jd7zKk6
— glassnode (@glassnode) August 18, 2025
The price action comes as a number of ethereum treasury firms made public statements Monday morning:
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BitMine Immersion Technologies announced holding over 1.5 million ethereum tokens worth about $6.6 billion and said it’s the second-largest crypto treasury globally behind bitcoin mega-stockpiler Strategy.
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The rebrand from 180 Life Sciences Corp. to ETHZilla is officially complete and the company is now trading under new ticker symbols, according to a press release, which added that ETHZilla has accumulated 94,675 ethereum tokens with an average acquisition price of $3,900, giving its total a value of $419 million. The firm, focused on becoming an “accumulation vehicle” for ethereum, has about $187 million in cash equivalents.
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BTCS announced on X that it will pay shareholders a one-time blockchain dividend, which it called a “Bividend.” It will consist of $0.05 per share in ethereum tokens and an additional one-time $0.35 per share “ethereum loyalty payment to shareholders who move their shares to book entry with our transfer agent and hold them there through January 26, 2026,” to reward long-term shareholders.