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 accordance with 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
Reviews have disclosed that spot Ether ETFs not solely logged about $17 billion in weekly buying and selling quantity, but additionally 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 accordance with Balchunas, it was nearly as if the Ether ETFs had been in hibernation mode for 11 months after which crammed one 12 months’s price of exercise into six weeks. That phrase captured how instantly demand arrived.
Spot Bitcoin + Ether ETFs did about $40b in quantity this week, largest week ever for them, because of Ether ETFs stepping up large. Large 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 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 reveals.
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. Quick 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. Reviews 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 mentioned, “There’s far more to come back 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} contemporary all-time excessive for Ether might nonetheless be weeks or months away. Flows will be risky. Large one-day inflows can transfer markets rapidly, however they will additionally reverse simply as quick when merchants take income or shift methods.
If Ether funds maintain bringing in massive sums past the primary two weeks of August, the transfer seems extra sturdy. If not, the large numbers might develop into a short-lived spike.
Based mostly on experiences and market habits thus far, ETFs are clearly a significant near-term driver for each Bitcoin and Ether.
The story continues to be unfolding. Some count on extra good points; others urge endurance. Both method, 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
