Spot Bitcoin and Ethereum ETFs Witness Surge in Trading Activity

Spot Bitcoin and Ethereum exchange-traded funds (ETFs) achieved their strongest week yet, according to data from Eric Balchunas on X (formerly Twitter). His observations show that Ether funds generated nearly $17 billion in trading volume last week, surpassing previous records. Notably, this surge coincided with new price milestones across the crypto market. Bitcoin briefly climbed to $124,000 before retracing to around $117,600, while Ether came within 2% of reclaiming its November 2021 high, reaching a peak of $4,784 before falling back to $4,486.