Bitcoin and Ethereum are seeing major activity as both retail and institutional investors pour money into exchanges and ETFs.
U.S. spot Bitcoin ETFs are emerging as a key player in the market. On high-volume days, they handle between $5–10 billion in trades, sometimes surpassing most crypto exchanges. This highlights the growing role of institutional investors in the Bitcoin’s market.
Despite the rise of ETFs, exchanges remain the primary choice for traders. Data from CryptoQuant shows Binance consistently leading spot trading volumes for both Bitcoin and Ethereum. On peak days, Bitcoin trading on Binance reaches $18 billion, while Ethereum ranges between $8.8–11.1 billion.
Ethereum trading, in particular, remains exchange-driven. Since the 2024 U.S. presidential election, Binance has captured 35% of Ethereum spot trading, followed by Crypto.com at 20%. ETFs only account for 4%, showing slower institutional adoption compared to Bitcoin.
Even so, Ethereum ETFs are gaining traction. Over the past four trading days, they pulled in $1.24 billion, more than double the $571.6 million that flowed into Bitcoin ETFs over the same period. According to SoSoValue, Ethereum ETFs now hold a net total of $13.68 billion as of August 28.
Analyst Darkfrost argues that ETFs aren’t the only force moving prices. While ETF inflows do play a role, especially for Ethereum, he says the real action remains in spot and derivatives markets.
At the same time, Binance is seeing a shift in investor behavior. The average deposit size has surged from 0.8 BTC in early 2024 to 13.5 BTC today, showing that whales are becoming more active on the platform. Once considered a retail-focused exchange, Binance now appears to be attracting bigger players this cycle.
CryptoQuant analysts note that 90% of Bitcoin supply is currently in profit, a level that has historically signaled market euphoria and preceded pullbacks. They believe the market is settling into a slower, longer cycle. Unlike past sharp surges, today’s growth is flattening due to ETF influence and institutional participation.
Capital is also beginning to flow into altcoins, which can temporarily dampen momentum in Bitcoin and Ethereum. However, analysts point out that a potential September rate cut and possible altcoin ETF approvals in October could trigger a fresh uptrend heading into fall and winter 2025.
On high-volume days, U.S. spot Bitcoin ETFs handle $5-10B in trades, sometimes surpassing individual crypto exchanges, highlighting major institutional influence.
Yes. The average deposit size on Binance surged from 0.8 BTC to 13.5 BTC in 2024, indicating increased activity from large investors (whales).
90% of Bitcoin supply is in profit, often signaling a pullback. However, rate cuts and altcoin ETF approvals could fuel a new uptrend.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
XRP is testing a critical support level on Tuesday, with the price attempting to break…
Senator Elizabeth Warren has formally asked the Securities and Exchange Commission to delay the SpaceX…
Bitcoin is trading around $ 63K after a volatile stretch, with sentiment still mixed across…
SpaceX is listing on Nasdaq on June 12, raising $75 billion at a $1.75 trillion…
When Hugo Philion was raising money for Flare, the blockchain network designed to bring smart…
Markets love to celebrate the first sign of stability. The data, however, isn't always as…
