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Bloomberg Analyst: Bitcoin and Ethereum Spot ETF Trading Volume Hits Record High This Week Thanks to Surge in Ethereum ETF

Summary: According to Bloomberg, ETF analyst Eric Balchunas stated on social media that this week, the trading volume of Bitcoin and Ethereum spot ETFs reached approximately $40 billion, setting a new record high, driven by the strong surge in Ethereum ETF. The massive volume is equivalent to the total of the top five ETFs or the ...

According to Bloomberg, ETF analyst Eric Balchunas stated on social media that this week, the trading volume of Bitcoin and Ethereum spot ETFs reached approximately $40 billion, setting a new record high, driven by the strong surge in Ethereum ETF. The massive volume is equivalent to the total of the top five ETFs or the top ten stocks. Specifically, the weekly trading volume of Ethereum ETF reached around $17 billion, also hitting a historical high. 'It's as if it slept for 11 months, then compressed a year's worth of volume into 6 weeks.'

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Link: Bloomberg Analyst: Bitcoin and Ethereum Spot ETF Trading Volume Hits Record High This Week Thanks to Surge in Ethereum ETF [Copy]

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