Ethereum Surges as BlackRock’s ETH ETF Hits Record Trading Volume

Ethereum (ETH) surged nearly 6% on Wednesday, outperforming major cryptocurrencies like Bitcoin (BTC), XRP, and Solana (SOL). The rally coincided with record-breaking trading activity in BlackRock’s spot ether exchange-traded fund (ETF), ETHA, listed on Nasdaq.

ETHA saw over 43 million shares traded on Wednesday, nearly double the previous day’s 24 million, marking the highest single-day volume since the ETF launched a year ago. The surge in trading volume signals growing investor interest and bullish sentiment surrounding Ethereum, the second-largest cryptocurrency by market capitalization.

Trading momentum has been building steadily over the past month. The 30-day average daily volume for ETHA climbed to a record 18.83 million shares, up from 12.97 million in early June, according to TradingView data. This sustained increase suggests institutional investors are positioning ahead of a potential broader ETH breakout.

Investor inflows have also accelerated. ETHA has attracted over $1.2 billion since June, with $159 million pouring in on Tuesday alone — the largest single-day inflow since June 11, according to SoSoValue. This spike in capital further reinforces market confidence in Ethereum amid growing interest in ether-based investment products.

The latest ETH rally and record ETF activity come as Ethereum continues to gain traction among institutional investors. With its robust smart contract ecosystem and expanding use cases in DeFi and tokenization, Ethereum is positioning itself as a critical asset in the evolving digital finance landscape.

As ETH prices hover above $2,775, the growing momentum behind ETHA could serve as a leading indicator of broader market sentiment, potentially setting the stage for Ethereum’s next bullish leg. Investors and analysts alike are closely watching ETF data as a barometer for Ethereum’s future trajectory.