PANews reported on September 4th that according to The Block , monthly spot trading volume for Ethereum ( ETH ) on centralized exchanges reached approximately $ 480 billion in August , surpassing Bitcoin ( BTC )'s $ 401 billion for the first time. Several companies, such as BitMine Immersion and SharpLink Gaming, disclosed large ETH purchases, driving up their holdings. During the same period, US spot ETH ETFs saw a net inflow of $ 3.95 billion, while BTC ETFs saw a net outflow of $ 301 million. ETH's year-to-date gain exceeded 105% , while BTC's was approximately 18% .