US-based spot Bitcoin and Ether exchange-traded funds (ETFs) saw record trading volume last week, with Ether ETFs leading the way with $17 billion in weekly volume. Bitcoin hit a new all-time high of $124,000 while Ether was close to its November 2021 high of $4,878.

Following their lackluster start, spot Ether ETFs recorded their biggest day of net inflows ever, with $1.01 billion across all funds. In August, they’ve seen over $3 billion in net inflows, marking their second-strongest month. Analysts are drawing parallels between Ether’s price surge and Bitcoin’s post-ETF rally.

Despite recent gains, analysts caution that a new all-time high for Ether may be weeks or months away. Nansen analyst Jake Kennis believes Ether is still a few hundred dollars off a new record price, indicating that investors may need to be patient before seeing further gains.

Read more at Cointelegraph: Bitcoin and Ethereum ETFs Post ‘Biggest Week Ever’ For Volume