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Ether gains 10% after Fed's Jackson Hole, ETF holdings top 6.4M ETH

The Cointelegraph β€‹

Cryptocoins News / The Cointelegraph β€‹ 74 Views

Record ETF inflows pushed Ether holdings to 6.4 million, tightening supply as the price tested $4,668 after dovish comments from the Federal Reserve Chair Jerome Powell.

Key takeaways:

Spot Ether ETFs posted record inflows of $7.88 billion across July and August, driving custodial holdings to 6.42 million ETH.

ETH tags $4,650 following a 10% rally after Powell hints at a potential rate cut in September.

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