Ethereum's spot trading volume on centralized exchanges reached approximately $480 billion in August, surpassing Bitcoin's $401 billion for the first time. This milestone was driven by significant ETH purchases from companies like BitMine Immersion and SharpLink Gaming. Additionally, US spot ETH ETFs experienced a net inflow of $3.95 billion, contrasting with a $301 million net outflow from BTC ETFs.
Ethereum's year-to-date gain has exceeded 105%, significantly outpacing Bitcoin's 18% increase. This shift in trading volume and investment interest highlights Ethereum's growing prominence in the cryptocurrency market.
Ethereum Surpasses Bitcoin in August Spot Trading Volume on CEX
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