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Spot Bitcoin and Ether ETFs Match Apple Stock with $11.5B Volume

Bloomberg analyst Eric Balchunas reports record activity in spot Bitcoin and Ethereum ETFs, with weekly volumes rivaling top U.S. stocks and Ethereum ETFs reaching unprecedented highs.

Summary

Spot Bitcoin and Ethereum ETFs posted approximately $40 billion in combined trading volume this week, the highest on record, according to Bloomberg ETF analyst Eric Balchunas. Ethereum ETFs contributed roughly $17 billion to the total, also marking an all-time weekly high. Balchunas noted that the combined ETF volume was comparable to the total trading of the top five ETFs or the top ten individual stocks in the U.S. market.

Terms & Concepts
  • Spot ETF: An exchange-traded fund that directly holds the underlying asset, such as Bitcoin or Ether, rather than derivatives or futures.
  • Bitcoin ETF: An exchange-traded fund that gives investors exposure to Bitcoin price movements without directly owning the cryptocurrency.
  • Ethereum ETF: An exchange-traded fund designed to provide investors with exposure to the price movements of Ether without requiring direct ownership of the cryptocurrency.