Ethereum ETFs Volume Surges as ETH/BTC Plunges to Lowest Since 2021

Ethereum exchange-traded funds (ETFs) reached unprecedented trading volumes on Feb. 3 as the plunging ETH price versus BTC spurred speculation Ethereum’s native currency has become oversold.

On Monday, Ethereum (ETH) ETFs hit an all-time high of $1.5 billion in trading volume, a 23% increase from their previous record of $1.22 billion set on Dec. 19, 2024, according to The Block’s data dashboard, which quotes Yahoo Finance as its source.

BlackRock’s ETHA fund led with trading volumes of $736 million, followed by Grayscale’s ETHE fund with $415 million, and Fidelity’s FETH with $155 million. On Feb. 3, spot ETH ETFs collectively had net inflows of around $84 million, with total net assets currently standing at nearly $10 billion, according to SoSoValue data.

Bitcoin ETFs, on the other hand, recorded nearly $235 million in outflows.

Investors piled into ETH ETFs as the ETH price versus BTC touched 0.027, the lowest level since January, 2021.

Eric Trump, President Trump’s son, shared a post on X on Feb. 3, stating, “In my opinion, it’s a great time to add $ETH,” the post quickly gained traction, with over 10 million views and tens of thousands of likes.

ETH is trading at $2,825, while Bitcoin is priced at around $99,500.

Bloomberg’s Joe Weisenthal said on X, “ETHBTC is lower than it was, basically, before anyone had ever heard of NFTs or DeFi. That's crazy.”

ETH/BTC Ratio

The surge in ETH ETF trading volume and ETH price comes amid significant market volatility triggered by President Trump’s tariff announcements, which have sparked concerns a trade war might limit economic growth and fuel inflation. Adding fuel to ETH trading activity,

Ethereum co-founder Joseph Lubin also weighed in on the growing conversation around ETH on Feb. 3, posting on X that whales are manipulating ETH’s price.

“What we are seeing is whales taking advantage of economic turmoil and negative sentiment to shake out weak hands, run stops, and then buy back when they can run that same playbook in reverse,” Lubin said.