Ethereum On The Rise: ETFs Reach An Unprecedented Milestone

The Ethereum ETFs have reached a new historical milestone with a weekly trading volume of $1.63 billion, marking a spectacular increase of 44% compared to the previous week. This exceptional performance comes four months after their launch, strangely reminiscent of the trajectory observed with Bitcoin ETFs.

A spectacular resurgence in activity on Ethereum ETFs

The Ethereum ETFs recorded last week their highest trading volume since their inception in August 2024, with a daily average of $326 million.

Indeed, this rebound occurs after a period of relative calm between mid-August and the end of October, where daily volumes stagnated around $168 million. The first weeks of trading had seen average volumes of $566 million per day, before experiencing a gradual slowdown.

This resurgence in volumes reflects a significant rebound in interest from institutional investors for exposure to Ethereum through regulated products. Additionally, the increase in volumes has been accompanied by a notable rise in the price of ETH, which jumped 25% over the week, its strongest weekly gain since May.

Moreover, the timing of this recovery in activity coincides with a macroeconomic environment favorable to cryptocurrencies, notably marked by expectations of declining interest rates and a growing appetite for risky assets.

A striking parallel with Bitcoin ETFs

The development pattern of Ethereum ETFs shows remarkable similarities with that of Bitcoin ETFs a few months earlier. Bitcoin funds also experienced three distinct phases: an explosive start, a consolidation period, and then a new phase of spectacular acceleration.

For reference, Bitcoin ETFs generated an average of $2.36 billion in daily volume during their first week, before slowing down to $1.4 billion for a month. The following recovery was even more impressive, with average volumes of $5.4 billion per day between the end of February and the end of March, during which the price of Bitcoin soared over 35%.

This similar configuration for Ethereum could foreshadow a new phase of market expansion, although caution is warranted in projections.

In summary, this rise of Ethereum ETFs confirms the gradual maturation of the crypto market and its growing adoption by traditional investors. The next few weeks will be crucial to confirm whether this resurgence in activity marks the beginning of a new sustainable trend.