Ethereum ETF Trading Volume Hits Record Amid Market Volatility

Amid recent market downturns on February 3, the daily trading volume of U.S. spot Ethereum ETFs reached a record $1.5 billion.

The previous peak was $1.22 billion, recorded on December 19.

The leading fund by turnover was BlackRock’s ETHA, with $736 million. Grayscale’s ETHE followed with $415 million, and Fidelity’s FETH came third with $155 million.

Net inflows into U.S. ETH ETFs on February 3 amounted to $83.54 million, the highest since January 16. FETH led with $49.75 million; ETHE received $15.85 million, ETH $12.75 million, and CETH $5.19 million.

On the same day, a withdrawal of $234.54 million was recorded from U.S. spot bitcoin funds, with $177 million attributed to Fidelity’s FBTC.

According to a CME report, in January, the average daily trading volume of cryptocurrency futures was 198,000 contracts, a 180% increase from the same period in 2024. Exchange experts noted that micro-contracts on BTC and ETH contributed significantly, showing turnover growth of 255% and 223%, respectively.

In February, Bitwise’s Chief Investment Officer Matt Hougan speculated that inflows into spot ETFs based on the first cryptocurrency could reach $50 billion in 2025.