**Crypto Market Update: Ethereum ETFs See Major Movements**

On August 2, the cryptocurrency investment scene saw significant shifts, particularly in Ethereum exchange-traded funds (ETFs). Grayscale’s Ethereum Trust ETF (ETHE) experienced a massive net outflow of $61.43 million, contributing to a historical net outflow of $2.117 billion.

In contrast, Fidelity’s Ethereum spot ETF (FETH) saw a net inflow of $6.02 million, bringing its total to $297 million. Similarly, Franklin Templeton's ETF (EZET) recorded a $1.14 million inflow, now totaling $30.67 million.

Overall, the total net asset value of Ethereum spot ETFs stands at $8.332 billion. Despite these fluctuations, Ethereum is trading at $2,987, down 5.71% since the ETF launches.