Ethereum on the rise: ETFs reach new milestone

Ethereum ETFs have hit a new all-time high with weekly trading volume of $1.63 billion, marking a spectacular 44% increase from the previous week. This exceptional performance comes four months after their launch, eerily reminiscent of the trajectory seen on Bitcoin ETFs.

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

Indeed, this rebound comes after a period of relative calm between mid-August and the end of October, when 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 renewed interest from institutional investors in gaining exposure to Ethereum via regulated products. Furthermore, the increase in volumes was accompanied by a notable increase in the price of ETH, which jumped 25% over the week, its largest weekly gain since May.

In addition, the timing of this resumption of activity coincides with a macroeconomic context favorable to cryptos, notably marked by expectations of a drop in key rates and a growing appetite for risky assets.

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

As a reminder, Bitcoin ETFs generated an average of $2.36 billion in daily volume in their first week, before slowing to $1.4 billion for a month. The subsequent recovery was even more impressive, with volumes averaging $5.4 billion per day between late February and late March, a period during which Bitcoin's price soared by more than 35%.

This similar configuration for Ethereum could herald a new phase of market expansion, although one should remain cautious in projections.

In short, this rise in Ethereum ETFs confirms the progressive maturation of the crypto market and its growing adoption by traditional investors. The coming weeks will be decisive in confirming whether this renewed activity marks the beginning of a new sustainable trend.

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