On August 24, Volatility Shares 2x Ether ETF rose 8.04% in regular trading, trading at $27.435/share, with turnover of $149 million. The rally was driven by Ethereum surging past $2,700 to set a new all-time high, with prices touching as high as $2,720.

On the news front, U.S. Bitcoin and Ethereum spot ETFs recorded combined net inflows of $2.6 billion for the week, the highest single-week net inflow since October last year. Ethereum spot ETFs alone attracted approximately $697 million in net inflows. As a 2x leveraged Ethereum futures ETF, ETHU amplified the underlying asset's upward momentum.

On-chain data from earlier in the week showed significant accumulation activity, with entities purchasing over 21,000 ETH worth approximately $46.5 million at an average cost of $2,146. ETH network-wide contract open interest surged 8.12% in 24 hours to $30.5 billion, while over $800 million in positions were liquidated across the market, predominantly short positions at $671 million, reflecting intense short-squeeze pressure that further fueled the rally.

(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.)