On August 24, Volatility Shares 2x Ether ETF rose 8.56% in pre-market trading, trading at $27.38/share, with turnover of $23.21 million. The surge follows Ethereum breaking above $2,700 to reach a new all-time high, with the 2x leveraged structure amplifying underlying gains.
The rally is supported by multiple institutional catalysts. BitMine Immersion Technologies disclosed holdings of 5,847,611 ETH as of August 23, valued at approximately $14.9 billion, after purchasing 32,447 ETH in the past week alone. The company has staked roughly 87% of its holdings, generating an estimated $330 million in annualized staking revenue. Meanwhile, U.S. Bitcoin and Ethereum spot ETFs recorded combined weekly net inflows of $2.6 billion, the highest since October 2025. Ethereum ETFs alone attracted $697.2 million, with weekly trading volume surging 259% to $6.9 billion. A BlackRock client also executed a $122 million ETH purchase, the largest single buy in seven months.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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