Approximately 1.15 million ETH have left exchanges over the past eleven weeks, representing a 15% decline in supply on trading platforms, falling from 7.70 million to 6.54 million tokens. This trend contrasts with Bitcoin, whose exchange balances rose about 1.8% over the same period, with roughly 23,000 BTC added. Meanwhile, Ethereum surged nearly 20% in a single day, breaking above $2,300 for the first time since May. This rally was driven by favorable US crypto policy signals following Donald Trump’s meeting with executives from Coinbase, Ripple, and Gemini at the White House. US spot Ethereum ETFs recorded inflows of $189.15 million on August 19, bringing August’s total past $534 million, with BlackRock and Fidelity as the main beneficiaries.
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