Dramatic Surge in ETF Market with Ethereum’s Entrance

CoinShares reported: The trading volume of digital currency-based Exchange-Traded Funds (ETFs) skyrocketed to a staggering $14.8 billion last week. This figure marks the highest level since May. The launch of spot Ethereum (ETH) ETFs in the United States was the driving force behind this remarkable surge.

The newly launched Ethereum funds, with their insatiable appetite, attracted $2.2 billion. However, amidst this influx, the Grayscale fund grappled with a significant outflow of capital.

Bitcoin (BTC) ETFs also partook in this feast, drawing in $519 million of fresh capital. This figure propelled the total inflow for the year to an astonishing $19 billion.

These breathtaking statistics demonstrate investors’ growing enthusiasm for the thrilling world of digital currencies.