Bitcoin and Ethereum spot ETFs hit weekly volume records

According to Bloomberg analyst Eric Balchunas, Bitcoin and Ethereum spot ETFs saw combined trading volume of approximately $40 billion this week, a record high. The Ethereum ETF performed particularly well, with weekly trading volume of approximately $17 billion, far exceeding the previous record. He described the Ethereum ETF as "like a sudden resurgence" since July, unleashing nearly a year's worth of activity in just six weeks.