In a notable development, Ethereum has surpassed Bitcoin in seven-day centralized-exchange (CEX) spot trading volume for the first time in seven years. This signals a potential shift in market dynamics, suggesting growing interest in ETH from both retail traders and institutional investors.
NEW: $ETH FLIPS $BTC IN 7-DAY CEX SPOT VOLUME FOR THE FIRST TIME IN AT LEAST 7 YEARS – PER THE BLOCK pic.twitter.com/xWcHQQu9km
— DEGEN NEWS (@DegenerateNews) September 4, 2025
Ethereum Breaks 7-Year Streak
CEX spot volume tracks the actual buying and selling that takes place on platforms like Binance, Coinbase, and Kraken. Historically, Bitcoin has dominated this metric, so Ethereum overtaking BTC even briefly signals a rotation in attention, risk appetite, and liquidity.
Market data highlights that Ethereum captured more trading volume than Bitcoin over several consecutive days in August 2025. During that time, centralized exchanges logged nearly $480 billion in ETH trades, compared with approximately $401 billion for BTC.
The flip follows Bitcoin’s ETF-fueled rally earlier this year, which prompted many investors to rotate profits into ETH. Traders are now betting on even more substantial percentage gains during Ethereum’s run, mirroring historical patterns.
Ethereum’s Growing Adoption
The launch of U.S. spot Ethereum ETF in July 2024 has been a game-changer. In August 2025 alone, the product saw over $4 billion in inflows, while Bitcoin ETFs recorded net outflows. This institutional flow boosted trading activity on centralized exchanges, as market makers bought and sold ETH to keep ETF prices in line with the underlying asset.
BlackRock’s iShares Ethereum Trust (ETHA) holds approximately $16 billion in assets, reflecting growing institutional interest in the Ethereum blockchain. Additionally, treasury accumulation has also emerged as a major driver of demand. Last month, firms such as BitMine Immersion and SharpLink Gaming disclosed multi-billion-dollar purchases of ether. These acquisitions significantly increased the total value of public company ETH treasuries.
Unlike Bitcoin, the Ethereum ecosystem has a broader range of applications. The network powers decentralized finance (DeFi) apps, stablecoin settlements, NFTs and Layer 2 scaling solutions. This means real-world usage generates constant trading demand for ETH. When institutional flows line up with ecosystem demand, volumes surge.
Despite this notable feat, Bitcoin remains the largest cryptocurrency by market capitalization and ETF assets. Ethereum’s lead in spot trading marks a significant milestone, though it may prove short-lived without sustained inflows and broader adoption.
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