According to a report by The Block, the trading volume of the Ethereum spot ETF exceeded $1.63 billion in the past week, an increase of more than 44% from the previous week, setting a new weekly trading volume high since its launch in August.
From mid-August to the end of October, the trading volume of the Ethereum spot ETF declined and stagnated, with an average of only $168 million per day. However, the trading volume has surged in the past week, with an average daily trading volume exceeding $326 million.