Ethereum ETFs hit a new historic milestone with weekly trading volume of $1.63 billion, marking a dramatic 44% increase from the previous week. This exceptional performance comes four months after their launch, strangely reminiscent of the trajectory observed on Bitcoin ETFs.
A spectacular resurgence of activity on Ethereum ETFs
Ethereum ETFs recorded their highest trading volume last week since their inception in August 2024, with a daily average of $326 million.
Indeed, this rebound intervenes after a period of relative calm between mid-August and the end of October, where daily volumes stagnated around $168 million. The first few weeks of trading saw average volumes of $566 million per day, before experiencing a gradual slowdown.
This resurgence in volumes demonstrates a significant renewed interest among institutional investors in exposure to Ethereum via regulated products. Furthermore, the increase in volumes was accompanied by a notable increase in the price of ETH, which jumped 25% over the week, its strongest weekly increase since May.
In addition, the timing of this resumption of activity coincides with a macroeconomic context favorable to cryptos, notably marked by expectations of a reduction in key rates and a growing appetite for risky assets.
A striking parallel with Bitcoin ETFs
The development pattern of Ethereum ETFs bears remarkable similarities to that of Bitcoin ETFs a few months earlier. Bitcoin funds had also experienced three distinct phases: an explosive start, a period of consolidation, then a new phase of spectacular acceleration.
As a reminder, Bitcoin ETFs generated an average of $2.36 billion in daily volume in their first week, before slowing to $1.4 billion for a month. The recovery that followed was even more impressive, with volumes averaging $5.4 billion per day between late February and late March, during which the price of Bitcoin soared by more than 35%.
This similar configuration for Ethereum could presage a new phase of market expansion, although one should remain cautious in projections.
In short, this rise in power of Ethereum ETFs confirms the gradual maturation of the crypto market and its growing adoption by traditional investors. The coming weeks will be decisive in confirming whether this renewed activity marks the start of a new lasting trend.
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