US exchange-traded funds investing in Ether saw record trading volumes on Monday as leveraged positions in the digital asset unwound sharply, rattled by ongoing trade tensions under President Donald Trump.
Led by BlackRock’s iShares Ethereum Trust, which captured nearly half of the market activity, the group of nine ETFs registered $1.5 billion in trading volume. Ether, the second-largest cryptocurrency by market value, plunged as much as 27% to $2,135 on Monday, triggering liquidations totaling more than $600 million in perpetual futures markets, according to data compiled by Bloomberg.