This week, the combined trading volume of spot Bitcoin and Ethereum ETFs hit an all-time high, fueled 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 is approximately $40 billion, hitting a record high, thanks to the strong performance of the Ethereum ETF. The huge trading volume is equivalent to the sum of the top five ETFs or the top ten stocks.

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