Ethereum ETFs have drawn attention again by reaching a new historical trading volume of $1.63 billion weekly, marking a 44% increase compared to the previous week. This achievement, four months after their launch, echoes the trends observed with Bitcoin ETFs.
Record Trading Volume for Ethereum ETFs
Last week, Ethereum ETFs recorded their highest trading volume since their inception in August 2024, with a daily average of $326 million. This significant improvement follows a lull between mid-August and the end of October, when daily volumes stagnated around $168 million. The early weeks of trading saw average volumes of $566 million per day before experiencing a gradual slowdown.
Parallels with Bitcoin ETFs
The development pattern of Ethereum ETFs shows remarkable similarities with Bitcoin ETFs a few months earlier. Bitcoin funds also experienced three distinct phases: an explosive start, a consolidation period, and then a new phase of spectacular acceleration. For reference, Bitcoin ETFs generated an average of $2.36 billion in daily volume during their first week before slowing down to $1.4 billion for a month. The following recovery was even more impressive, with average volumes of $5.4 billion per day between the end of February and the end of March, during which the price of Bitcoin soared over 35%.
Outlook and Expectations
This rise in interest in Ethereum ETFs confirms the gradual maturation of the crypto market and its growing adoption by traditional investors. The next few weeks will be crucial to confirm whether this resurgence in activity marks the beginning of a new sustainable trend.
The sharp increase in trading volume for Ethereum ETFs highlights significant shifts in the cryptocurrency market. The intriguing parallels with Bitcoin ETFs may suggest a new phase of growth and development is on the horizon.
