Spot Ether ETFs saw a record $7.88 billion in inflows in July and August, boosting custodial holdings to 6.42 million ETH. ETH surged 10% to $4,650 after Federal Reserve Chair Powell hinted at a potential rate cut in September. Powell’s speech signaled a shift in policy stance, prompting a bullish breakout for Ether towards $4,800.ETH ETFs drive historic inflows, with $5.43 billion in July and $2.45 billion in August. Custodial holdings surged to 6.42 million ETH, up 2.27 million ETH in six weeks. Rapid ETF inflows create a bid beneath the market, supporting higher prices and lowering volatility.ETH whales increase holdings, with over 10K ETH addresses growing by 200+ since July. ETF custodians and treasury companies hold a total of 10.52 million ETH. Europe considers Ethereum and Solana for digital euro launch, as reported by FT. This article does not provide investment advice, readers should conduct their own research before making decisions.

Read more at Cointelegraph: ETH ETF Holdings Hit 6.4M As Ether Tags $4.6K