Ethereum News Today: Ether ETFs Hit $17B Weekly Volume as BMNR Buys 135,135 ETH

Ether ETFs have reached a weekly trading volume of $17 billion, contributing to a record $40 billion in total crypto ETF trading. This surge highlights growing institutional and retail confidence in Ethereum-based investment vehicles. The significant volume reflects increased adoption and regulatory clarity, particularly in major markets, which are encouraging more investors to allocate funds into digital assets through ETF structures [1].

Simultaneously, BMNR, a major Ethereum holder and trading firm, added 135,135 ETH to its portfolio within a ten-hour period, according to on-chain data. This move has raised the firm’s total Ethereum holdings to 1.297 million ETH, with the current valuation near $5.77 billion. The transactions, recorded across multiple platforms including FalconX, Galaxy Digital, and BitGo, included several large single transfers, such as 26,145 ETH valued at $115.68 million and 21,287 ETH valued at $93.79 million, each directed into BMNR wallets [1].

The record-breaking ETF trading volume, coupled with BMNR’s buying activity, underscores the ongoing transformation in the crypto market landscape. The Ethereum ETFs, in particular, are demonstrating their ability to attract substantial capital flows, reinforcing Ethereum’s role as a leading digital asset in the institutional investment arena. The $17 billion weekly volume is a clear indicator of how mainstream investors are integrating digital assets into their portfolios, especially as the broader market continues to evolve with clearer regulatory frameworks [1].

The recent buying spree by BMNR also highlights the importance of whale activity in shaping market dynamics. Large-scale investors like BMNR are often seen as key market influencers, and their actions can have a cascading effect on price movements and investor sentiment. With Ethereum holding steady near key resistance levels and showing strong on-chain activity, the market appears to be in a phase of consolidation, potentially setting the stage for further bullish momentum [1].

Nate Geraci, president of the ETF Store, confirmed Ether ETFs recorded their largest day of net inflows on Monday, totaling $1.01 billion. Across the first two weeks of August, Ether ETFs attracted over $3 billion in net inflows, marking their second-strongest monthly showing to date [1].

While the ETF boom commanded attention, institutional accumulation quietly advanced. Analyst EmberCN reported that the purchases occurred through structured venues, suggesting a shift in how high-value trades are being executed. Despite a 2.18% price drop in Ethereum to $4,450.6, BMNR’s accumulation showed that institutional confidence in the asset’s long-term trajectory remains strong [1].

The developments provide a dual-sided narrative shaping the present crypto market cycle. On one side, ETFs attract mass participation and generate retail enthusiasm, while trading volumes hit highs never witnessed before. On the other, institutional entities are directly absorbing supply off-exchange, potentially leading to structural constraints in the market [1].

Bloomberg senior ETF analyst Eric Balchunas described the $40 billion volume as “massive,” comparing it to benchmark equity volumes. He noted that Ether ETFs had seemed dormant for almost a year after debuting in July 2024, but managed to squeeze one year’s worth of activity into about six weeks. This rapid acceleration in demand signals a growing acceptance of Ethereum as a mainstream asset [1].

In sum, Ether ETFs delivered $17 billion in weekly activity, contributing to a $40 billion total for spot crypto ETFs. At the same time, BMNR’s stealthy purchases expanded reserves to nearly 1.3 million ETH. Together, the movements confirm that crypto ETFs are now operating on par with the world’s largest equity benchmarks [1].

Source: [1] Ether ETFs Record $17B Volume While BMNR Adds 135K ETH (https://www.xt.com/en/blog/post/ether-etfs-record-17b-volume-while-bmnr-adds-135k-eth)