This week noticed report buying and selling in US spot Bitcoin and Ether ETFs, pushed largely by a sudden rush into Ether funds.
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According to ETF analyst Eric Balchunas, Ether ETFs alone posted roughly $17 billion in weekly quantity, a determine that stunned many after months of quiet. The spike has pushed buying and selling desks to rethink how briskly cash can move into these funds.
Ether ETFs Record Big Volume
Reports have disclosed that spot Ether ETFs not solely logged about $17 billion in weekly buying and selling quantity, but in addition noticed a report single-day internet influx of $1 billion.
Across the primary two weeks of August, the funds pulled in additional than $3 billion. According to Balchunas, it was nearly as if the Ether ETFs have been in hibernation mode for 11 months after which crammed one 12 months’s value of exercise into six weeks. That phrase captured how abruptly demand arrived.
Spot Bitcoin + Ether ETFs did about $40b in quantity this week, greatest week ever for them, due to Ether ETFs stepping up massive. Massive quantity, equiv to a Top 5 ETF or Top 10 inventory’s quantity. pic.twitter.com/Z89uV63A3w
— Eric Balchunas (@EricBalchunas) August 15, 2025
Price Peaks And Quick Pullbacks
Based on market information, Bitcoin hit a headline-making excessive of $124,000 on Thursday, whereas Ether got here inside practically 2.1% of its November 2021 excessive by reaching $4,787, CoinMarketCap information exhibits.
The highs didn’t stick. Since Thursday, Bitcoin has fallen over 5% from that peak and was buying and selling round $117,648, whereas Ether dropped 6.15% and sat close to $4,475. Short swings like these are widespread when pleasure and contemporary flows meet skinny liquidity.
Comparisons To The Bitcoin ETF Run
Analysts are drawing parallels to final 12 months’s Bitcoin ETF rush. Reports level out that Bitcoin ETFs reached new highs of $73,680 simply two months after launching in January 2024.
MN Trading Capital founder Michael van de Poppe mentioned, “There’s far more to return for this cycle.” That view displays optimism amongst some merchants that ETFs can maintain driving costs increased throughout crypto markets.
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Caution From Market Watchers
At the identical time, some market watchers warn {that a} contemporary all-time excessive for Ether may nonetheless be weeks or months away. Flows will be unstable. Big one-day inflows can transfer markets rapidly, however they’ll additionally reverse simply as quick when merchants take earnings or shift methods.
If Ether funds maintain bringing in massive sums past the primary two weeks of August, the transfer appears extra sturdy. If not, the large numbers may turn into a short-lived spike.
Based on reviews and market habits to date, ETFs are clearly a serious near-term driver for each Bitcoin and Ether.
The story remains to be unfolding. Some count on extra good points; others urge persistence. Either manner, the sudden rush into Ether ETFs has made this chapter one of many busiest in current crypto buying and selling historical past.
Featured picture from Pexels, chart from TradingView
