Finst

Bitcoin and Ethereum ETFs break records with $40 billion in trading volume

US spot ETFs for Bitcoin and Ethereum have had their strongest trading week on record.

By Mike Hesp
• 2 min read
Bitcoin and Ethereum ETFs break records with $40 billion in trading volume

The US spot ETFs for Bitcoin and Ethereum have just finished their strongest trading week on record. Together, the funds logged a record $40 billion in trading volume. Notably, Ethereum ETFs generated $17 billion in weekly volume, nearly on par with Bitcoin during its most dominant phases.

Monday marked a historic day for Ether: alone, $1 billion flowed into Ethereum ETFs that day, the highest inflow on record. In the first two weeks of August, total inflows rose to just over $3 billion, setting the second-strongest month since launch.

Analysts draw parallels with Bitcoin, which in early 2024 after the ETF launches saw a similar rally. Bloomberg analyst Eric Balchunas spoke of an "awakening" of the funds, which had seen little demand for months. Price action reflected the bounce: Ethereum hit a new high around $4,800, while Bitcoin broke the $124,000 barrier.

Institutional interest is also sharpening price expectations. Standard Chartered raised its Ethereum outlook to $7,500 in 2025 and even $25,000 in 2028 — nearly doubling previous projections. AI models are also joining the optimistic scenarios: ChatGPT projects an ETH price between $5,100 and $5,400 by year-end.

For Bitcoin, the AI model estimates a range of $150,000 to $200,000. A concrete target is not shied away from: “The $180,000 mark seems like a realistic and optimistic target, based on strong market signals and trend analysis.”

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.