Ethereum trading exceeds Bitcoin’s for the first time in 2025
The cryptocurrency market shows a significant turn, with Ethher (ETH) surpassing Bitcoin (BTC) in trading volume and attracting greater interest in investors.
Last week, The ETH spot volume reached 25.7 billion dollars, exceeding 24.4 billion bitcoinsomething not seen since June 2024, according to the on-chain coryptoquant data provider.
This change, with the trading eth/BTC ratio above 1, reflects a growing interest in Ethereum in a context where the cryptocurrency trading spot volume (that is, digital assets without counting Bitcoin) totaled 67,000 million on July 17, the highest level since March.
Next, a visual representation of the recent behavior of the Bitcoin and Ethereum trading volume, together with the evolution of their price ratio:
The ETFs indicate the path of an Altseason
Besides, ETF data in the United States reinforce this trend. The ETF ETH/BTC possession ratio increased from 0.05 to 0.12, indicating faster growth in the assignments to Ethereum.
As reported by cryptootics, so far in July, the ETFs of Ether registered tickets of 5,250 million dollars, with minimum exits of 41 million, while the Bitcoin ETFs accumulated 11,390 million in tickets, but with exits of 1,135 million. The proportion of outputs on Bitcoin inputs (9.96%) contrasts with that of ETH (0.78%), evidencing a preference for Ethereum.
On the other hand, the price of ETH has shown remarkable performance, climbing 72% against Bitcoin since Aprilwhen it reached an extreme undervaluation.
The ETH/BTC ratio went from 0.018 to 0.031, the highest level from January 24. This rebound It relies on an increase in ETH demand and lower sales pressuresince the entrance relationship to Exchange ETH/BTC indicates that less Ether is sent to markets compared to Bitcoin, says Cryptoquant.
This behavior suggests that investors are channeling more capital towards ETH, which drives its price by increasing demand in the market, especially for the purchase of Ether to support financial products such as ETFs.
With a smaller sales pressure than Bitcoin, Ethereum’s higher performance could be maintained, consolidating the signals of a possible Altseason where cryptocurrencies take prominence.
