ETH spot ETFs capture larger share of spot market volume

The trading volume of spot Ethereum (ETH) ETFs has surged from 3% to 15% of the total spot market, The Block reported. The outlet noted that the increase in ETF volume suggests a preference among institutional and retail investors for regulated investment vehicles and has helped drive the recent rise in ETH's price. However, The Block also explained that this trend could pose a challenge to decentralization, as the ETH held by these funds cannot be used for DeFi or staking and becomes concentrated with custodians.