ETF specialist Eric Balchunas highlighted the milestone on X, noting that Ether funds generated nearly $17 billion in volume last week, smashing previous records.

After nearly a year of lackluster trading, he said Ether ETFs “woke up” in July and packed a year’s worth of action into just a few weeks.

The revival coincided with new price milestones in the crypto market. Bitcoin briefly climbed to $124,000 on Thursday before retracing to around $117,600, while Ether came within 2% of reclaiming its November 2021 high, peaking at $4,784 before pulling back to $4,486.

Institutional demand appears to be driving Ethereum’s rebound. Earlier this month, spot Ether ETFs posted their largest single-day inflows on record at $1.01 billion.

Combined flows for the first half of August have already topped $3 billion, marking the second-strongest month since launch.

The excitement mirrors Bitcoin’s run earlier in the year. BTC spot ETFs surged to $73,679 just months after their debut in January, with analysts now drawing parallels to Ether’s sudden rally.

MN Trading Capital’s Michael van de Poppe argued that the cycle still has plenty of fuel, while Nansen analyst Jake Kennis cautioned that investors may need to wait weeks or even months before Ether officially surpasses its previous all-time high.

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Filed under: Bitcoin - @ August 16, 2025 5:12 pm