Bloomberg Analyst: Combined Trading Volume of Bitcoin and Ethereum Spot ETFs Hits All-Time High This Week Thanks to Surging Ethereum ETF Activity

According to ChainCatcher, Bloomberg ETF analyst Eric Balchunas posted on social media that this week, the combined trading volume of spot Bitcoin and Ethereum ETFs reached approximately $40 billion, setting a new all-time high, thanks to the strong surge in Ethereum ETFs. The trading volume is enormous, equivalent to the total of the top five ETFs or the top ten stocks.

Among them, the weekly trading volume of Ethereum ETFs was about $17 billion, also a record high. "It's as if it slept for 11 months and then compressed a year's worth of trading volume into just six weeks."