The United States crypto exchange-traded fund (ETF) market has been in red-hot form in the past few weeks, with the Ethereum ETFs hitting new milestones every week. In its latest feat, the ETH-linked investment hit a new volume record alongside its Bitcoin counterpart.

This increased activity for the Bitcoin and Ethereum ETFs mirrors the current optimistic state of the market, with investor sentiment remaining fairly positive in recent weeks. Unsurprisingly, this positive trend is also reflected in price action, especially for ETH .

Ethereum ETFs Record $2.85 Billion In Net Weekly Inflow

In an August 15 post on social media platform X, Bloomberg ETF analyst Eric Balchunas revealed that the US-based spot Bitcoin and Ethereum ETFs recorded around $40 billion in trading volume in the p

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