Ethereum News Today: U.S. Spot Ethereum ETFs Surge to $17B Volume Amid Crypto Rally

This week, the combined trading volume of U.S. spot Bitcoin and Ethereum ETFs reached a record $40 billion, setting a new benchmark for crypto-backed investment products. The surge was largely driven by a historic increase in Ethereum ETF trading activity, which alone accounted for approximately $17 billion in volume, according to Bloomberg ETF analyst Eric Balchunas [1]. This figure reflects a sharp acceleration in demand for Ether-based ETFs, which had experienced relatively low trading levels for the preceding 11 months. Balchunas described the uptick as a “year’s worth of trading compressed into six weeks,” highlighting the extraordinary momentum [2].

The spike in trading coincided with a significant price rally for both assets. Bitcoin hit a new all-time high of $124,500, while Ethereum climbed to $4,784, just 1.94% below its 2021 peak [1]. Ethereum ETFs saw especially strong inflows, with net inflows totaling $1.01 billion in one trading session and exceeding $3 billion in just the first two weeks of August. This performance ranks as the second-highest monthly inflow for Ether ETFs to date [2].

The recent activity has drawn comparisons to Bitcoin’s performance following the launch of its ETFs in January 2024. Michael van de Poppe from MN Trading Capital suggested that Ethereum may follow a similar trajectory, with the potential for even stronger momentum in the coming months [3]. However, not all analysts are bullish in the short term. Jake Kennis from Nansen cautioned that Ethereum could take weeks or even months to break above its 2021 high, despite its current proximity to that level [4].

The record-breaking volume reflects growing mainstream adoption of crypto-based investment vehicles. As both institutional and retail investors continue to allocate capital to digital assets through ETFs, Ethereum’s recent performance signals a shift in market dynamics. With the year still in its early stages, 2025 may prove to be a pivotal year for the broader crypto market, with ETFs serving as a key conduit for mainstream capital inflows [5].

Sources:

[1] Eric Balchunas (@EricBalchunas) / X

(https://x.com/ericbalchunas?lang=en)

[2] BTCUSD - Bitcoin and Ether ETFs post $40B volume ... - ADVFN

(https://mx.adv.fn.com/bolsa-de-valores/COIN/BTCUSD/crypto-news/96652786/bitcoin-and-ether-etfs-post-40b-volume-in-bigge)

[3] U.S. Spot BTC and ETH ETFs Record Biggest Weekly Volume of $40B: Is 2025 Crypto Summer Next?

(https://cryptorank.io/news/feed/ac496-ethereum-new-high-5k-target-blackrock-buys-eth)

[4] Ethereum Analysis: What's Next Amid Mixed Whale Activity?

(https://coinpedia.org/price-analysis/ethereum-price-analysis-whats-next-for-eth-amid-mixed-whale-activity/)

[5] $5K SOON as BlackRock Buys $318.7M in ETH... | Ethereum

(https://www.financemagnates.com/trending/why-bitcoin-is-surging-btc-price-prediction-to-200k-as-market-cap-flips-google/)