Ethereum held on trading platforms fell from around 7.70 million tokens on June 2 to about 6.54 million on August 18, putting roughly 1.15 million ETH off exchanges, or about 15%, over 11 weeks. The decline contrasted with Bitcoin, whose exchange balance rose about 1.8% from July 28 to August 18 as roughly 23,000 BTC returned to trading platforms, while ETH balances fell about 2.2%. Santiment said staking remains near record levels and corporate treasuries continue accumulating ETH. BitMine Immersion Technologies holds close to 5% of the supply, with most of its 5,815,164 tokens staked. ETH also surged nearly 20% over the past day to above $2,300 for the first time since May, amid stronger U.S. crypto policy signals and heavy buying. President Donald Trump met executives from Coinbase, Ripple, Gemini and other major crypto companies at the White House on Wednesday, discussing the Digital Asset Market Clarity Act, Bitcoin and expanded crypto activity in the U.S. Trump urged Congress to pass a fair version of CLARITY and said the U.S. has discussed buying sizable amounts of Bitcoin and other crypto assets. U.S. spot Ethereum ETFs attracted $189.15 million on August 19, the largest daily inflow since October 28, 2025, taking August's total above $534 million. BlackRock's ETHA received $122 million, Fidelity's fund $36.5 million, Grayscale Mini ETH $16.04 million, BlackRock's staking-enabled investment vehicle $9.71 million, Morgan Stanley's MSSE $2.25 million and Franklin Templeton's EZET $790,000.