This week, the combined trading volume of spot Bitcoin and Ethereum ETFs reached an all-time high, driven by a surge in Ethereum ETF trading volume.

BlockBeats News, August 16th, according to Bloomberg ETF analyst Eric Balchunas, this week, the spot Bitcoin and Ethereum ETF trading volume was around $40 billion, reaching a historical high, thanks to the strong surge in the Ethereum ETF. The massive trading volume is equivalent to the sum of the top five ETFs or the top ten stocks.

In particular, the weekly trading volume of the Ethereum ETF was around $17 billion, also hitting a historical high. "It's as if it slept for 11 months and then compressed a year's worth of trading into 6 weeks."