Ether exchange balances fall by 410,000 ETH as U.S. spot ETFs draw $680 million

  • Ethereum holders withdrew 410,000 ETH from exchanges during the past month.
  • U.S. spot Ether ETFs attracted $680 million across four sessions.
  • U.S. spot Ether ETFs recorded $104.63 million of inflows on September 23.

Ethereum exchange balances fell by 410,000 ETH over the past month as U.S. spot Ether ETFs attracted $680 million across four sessions, crypto commentator @bitfinex reported. The simultaneous reduction in exchange-held Ether and ETF inflows points to stronger demand from investors using both direct and regulated fund channels, although Ether's price remains under pressure amid mixed broader-market conditions and Bitcoin's continuing dominance. The development follows previously reported $104.63 million of net inflows into U.S. spot Ether ETFs on September 23, their fourth consecutive positive session. U.S. spot Bitcoin ETFs recorded $346.98 million in net inflows that day, extending a five-session inflow streak whose cumulative total was reported at $2.65 billion.

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