Crypto investment funds saw surging trading volume last week amid the launch of spot Ethereum exchange-traded funds (ETFs) in the United States, though asset inflows fell sharply from the previous week due to assets leaving at least one of the funds.
According to a CoinShares report published Monday, combined trading volume for such trading funds hit $14.8 billion, marking the “highest levels since May” thanks to the Ethereum fund launches. Furthermore, derivatives in this category also reached total assets under management of $99.1 billion, while the inflows year-to-date stand at $20.5 billion.
Digging deeper into the numbers, completely new Ethereum ETF funds brought in $2.2 billion worth of assets, marking “some of the largest inflows since December 2020,” said CoinShares. The report also mentions that the trading volume of Ethereum-tracking exchange-traded products rose…
