This week noticed file buying and selling in US spot Bitcoin and Ether ETFs, pushed largely by a sudden rush into Ether funds.
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In response 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 File Large Quantity
Stories have disclosed that spot Ether ETFs not solely logged about $17 billion in weekly buying and selling quantity, but in addition noticed a file single-day web influx of $1 billion.
Throughout the primary two weeks of August, the funds pulled in additional than $3 billion. In response 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 instantly demand arrived.
Spot Bitcoin + Ether ETFs did about $40b in quantity this week, greatest week ever for them, because of Ether ETFs stepping up large. Huge quantity, equiv to a Prime 5 ETF or Prime 10 inventory’s quantity. pic.twitter.com/Z89uV63A3w
— Eric Balchunas (@EricBalchunas) August 15, 2025
Worth Peaks And Fast Pullbacks
Based mostly on market knowledge, 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 knowledge 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. Brief swings like these are widespread when pleasure and recent flows meet skinny liquidity.
Comparisons To The Bitcoin ETF Run
Analysts are drawing parallels to final 12 months’s Bitcoin ETF rush. Stories level out that Bitcoin ETFs reached new highs of $73,680 simply two months after launching in January 2024.
MN Buying and selling Capital founder Michael van de Poppe stated, “There’s far more to return for this cycle.” That view displays optimism amongst some merchants that ETFs can maintain driving costs greater throughout crypto markets.
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Warning From Market Watchers
On the identical time, some market watchers warn {that a} recent all-time excessive for Ether may nonetheless be weeks or months away. Flows will be unstable. Large one-day inflows can transfer markets shortly, however they will additionally reverse simply as quick when merchants take income or shift methods.
If Ether funds maintain bringing in giant 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 mostly on reviews and market conduct thus far, ETFs are clearly a serious near-term driver for each Bitcoin and Ether.
The story continues to be unfolding. Some anticipate extra good points; others urge endurance. Both means, the sudden rush into Ether ETFs has made this chapter one of many busiest in latest crypto buying and selling historical past.
Featured picture from Pexels, chart from TradingView