Record volumes for the Ethereum ETF

The spot Ethereum ETF traded on American exchanges is setting record after record.

Although it is still very far from the records of the one on Bitcoin, it finally seems to have awakened after months of suffering.

Ethereum ETF: the record of volumes

Yesterday, for the first time since they landed on the stock exchange, the spot Ethereum ETFs collectively surpassed 3 billion dollars in trading volumes.

The data are even more striking when compared to those of the past.

For example, in July of last year, when they were launched, they barely exceeded a billion dollars in daily trading volumes, then they even fell below 200 million the following month.

The highest daily volume of 2024 was recorded in December, during the mini-altseason, but it had still stopped just above 1.2 billion dollars.

In March of this year, for the first time, it surpassed 1.5 billion, while the two billion mark was surpassed for the first time only last week.

All the latest sessions closed with a total daily trading volume exceeding 2 billion, and yesterday a new historical record was set with approximately 3.1 billion dollars.

The record of inflows in the spot Ethereum ETF market

But the ETF su Ethereum spot are also setting other records.

In fact, the largest daily inflow ever was recorded on July 16, precisely when for the first time in history they surpassed 2 billion dollars in volumes.

Previously, in July, there had never been a daily inflow exceeding 400 million, while on July 16, even 700 million dollars were surpassed.

In the following days, however, the inflows decreased, but always remaining consistently above 200 million dollars per day, at least for now.

In fact, on July 17, the second largest daily inflow ever was recorded, just above 600 million.

In total, up to today, the net total amount of inflows into Ethereum ETFs has exceeded 7.8 billion dollars, which is still extremely far from the 54 of Bitcoin, but in strong growth.

The comparison with the other ETF

The all-time high of daily inflows into spot Bitcoin ETFs is 1.3 billion dollars, which is almost double that of Ethereum, but it was recorded months ago.

Note that on July 16, the day of the historic record for Ethereum above 700 million, Bitcoin ETFs nearly reached 800 million dollars, which makes it clear how they are still clearly dominant over the others.

For example, regarding the ETFs on Solana spot, which landed on the stock exchange only in this 2025, the historical record is just 33 million, with a total historical inflow that does not yet even reach 100 million dollars.

As for the daily trading volumes, yesterday the spot Bitcoin ETFs exceeded 4 billion dollars, on a day that has been quite normal lately for its parameters.

Suffice it to say that in May, 8 billion were nearly reached, and in January, 9.5 were nearly reached.

Therefore, although the numbers of Ethereum ETFs have finally become significant, if not even interesting, they still remain far from those on Bitcoin.

However, they turn out to be much higher than those on Solana.

The problem of Ethereum ETFs

It should not be forgotten that when the first spot Ethereum ETFs landed on the US exchanges a year ago, it was a sort of disaster.

In fact, one of those ETFs was an old Grayscale fund on ETH converted into an ETF. The transformation into an ETF allowed the managers to finally liquidate the excess ETH accumulated over time, as previously, as a simple fund, it could not.

The liquidations of excess ETH from Grayscale’s ETF greatly increased the selling pressure in the short term, causing the price of Ethereum to drop from $3,300 to $2,300. It should be noted that before the Trump-trade in November, it was still at $2,400.

The consequences of this dynamic were also felt during the Trump-trade itself, as while Bitcoin rose by 57% from previous all-time highs, Ethereum not only remained far from all-time highs but also failed to even reach the highs of 2024, staying below $4,100.

This scenario, however, now seems to have finally completely run its course, and recent data suggests that the true positive impact of ETFs on ETH has only just begun.