%Ethereum (CRYPTO: $ETH) had surpassed %Bitcoin (CRYPTO: $BTC) in spot trading volume, especially on major centralized exchanges, with over 32% in August, the highest share since August 2017, as revealed in a new CEXIO report. Ether recorded a 39% weekly spot trade portion in CEXIO alone, compared to 28% the previous month, with the majority of orders less than $3,000, indicating more retail participation.
Source: CEXIO
According to data by CEXIO, the share of Ether is increasing week after week, expanding the distance from Bitcoin and other assets. The report contextualizes trader attention as moving toward ETH in the spot market.
Price action supported that momentum. ETH is currently trading at $4,300, up 4% daily, 18.5% over two weeks, and 16% month over month. Bitcoin changed hands around $113,900, flat on the day and fortnight, but still up nearly 93% year over year.
Capital seems to be riding the trend. ETH net position changes increased 23% through August, according to CEXIO, whereas Bitcoin net positions declined by approximately 43%. The trend shows traders shifting money into Ether.
ETF Records Fuel Momentum—Then Quick Outflows
The spot shift resonated in institutional flows. Net inflows in Spot ETH ETFs totaled around $3.5 billion last week, setting a new weekly record that is breaking the previous mark of $2.1 billion in mid-July. Another daily high followed on Monday, Aug. 11, as there was approximately $1.02 billion in ETH ETF inflows. Bitcoin ETFs lagged week over week, with approximately $793 million in net inflows. The blend indicates the unavailability of Ethereum products regarding Wall Street interest on the recent upswing.
The mood shifted at the beginning of this week. Both BTC and ETH spot ETFs posted net outflows so far, with BTC products down about $659 million and ETH products down about $686 million, per SoSoValue. Profit taking is normal, in short spurts, following record inflows and steep price appreciation, and it tests the bid's ability to reload.
Ether outperformed Bitcoin in August, with Net change in position turning negative, indicating a typical post-rotation. CEXIO's data also shows that ETH has surpassed BTC in terms of capital redistribution, further supporting the shift of volume on the exchange. A risk factor is also highlighted in the report. During the last months of the bull run, Ethereum attracted relatively higher inflows than Bitcoin in the last two cycles. The comparable performance now may indicate a second cycle phase and increase the possibility of a more significant correction in the coming months.
COMTEX_468191897/2848/2025-08-20T18:21:05