BlackRock's spot Ethereum ETF witnessed significant trading fluctuations, with the firm selling $351.3 million worth of Ethereum between August 18 and August 20. The largest outflow occurred on August 20, with $257.8 million in redemptions. However, the trend reversed on August 21 and 22, with inflows of $233.6 million and $109.4 million, respectively. Despite net weekly outflows of $233.7 million across all issuers, Ethereum's price surged, driven by renewed institutional interest and optimism around ETF demand. The rally was further bolstered by Federal Reserve Chair Jerome Powell's indication of a potential interest rate cut, pushing Ethereum to $4,713, an 8.5% increase in 24 hours.