ETH Price Falls Even as August ETF Inflows Top $4 Billion

The start of the weekend shows a drop in Ethereum (ETH) price. Although in August, there were significant funds inflow into spot ETH ETFs and an increase in on-chain activity.

Short-Term Decline in ETH Price Coincides With $4 Billion Inflows into ETFs

At the time of writing, Ethereum traded at $4,303, down by 4.63% in the last day. Earlier, it had reached $4,438 momentarily before a sharp drop.

According to the TradingView chart, there was significant selling at the morning trading session, causing an ETH price drop towards $4,320 but there was a momentary recovery. Additional selling pressure later in the day moved the ETH price to the $4,280 level.

Although there was a decline in ETH price this past day, it has recorded huge gains over the longer timeframe. The token is up 13% over the past month and nearly 94% in six months. On a yearly scale, ETH has advanced 70%, while its five-year performance exceeds 980%.

Amid the ETH price performance, the inflows into spot ETFs in August is a sign that institutional demand for the token remains steady. Data from SoSoValue shows monthly inflows topped $4 billion, with total net assets now at $29.51 billion. Daily inflows on August 29 stood at $39.16 million. With renewed crypto ETF inflows, BlackRock purchased $300 million in ETH, signaling fresh demand from institutional investors.

The August total represents a sharp increase compared with earlier months. In the first half of 2025, ETF inflows were typically near $1 billion to $2 billion each month, but there are also weeks of net outflows. The spike suggests renewed accumulations after a period of modest demand even as the ETH price failed to match up.

DEX Volume Reach $135 Billion As Ethereum Network Activity Hit A 12-Month High

Apart from the ETH price performance, Ethereum network activity hit peak levels in August. CryptoRank data shows ETH transaction volume on decentralized exchanges (DEXs) was $135 billion, up from $87 billion recorded in July.

This month’s volume is nearly double the $56 billion that was attained in April. This proves that this month is the best so far in this year. This trend was matched by large investors as the open interest in CME Ethereum futures reached a record high.

Ethereum sets on-chain activity records

In August, DEX volume hit $135B, while transactions reached 48M and active addresses hit 15M. Also, @ethereum TVL has crossed $240B.

Over the last months, $ETH rose on ETF inflows despite low on-chain activity, but that’s finally changed. pic.twitter.com/biLtejY9Gz

— CryptoRank.io (@CryptoRank_io) August 29, 2025

Besides the increase in DEX volume, the Ethereum network processed 48 million payments while there were fifteen million active addresses. Also, the total value locked in DeFi protocols surpassed $240 billion, a proof of Ethereum’s leading role in this space even though the ETH price isn’t as good.