Spot ETH ETF Volume Hits $1.1 Billion

• Spot ETH ETFs surpass $1b volume.

• Erigon releases Erigon 3.

• Ethereum Film releases its trailer.

• EtherFi achieves 2m restaked ETH.

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Today, spot Ethereum ETFs from eight issuers—Franklin Templeton, VanEck, Bitwise, 21Shares, Fidelity, BlackRock, Grayscale, and Invesco—launched with successful interest, surpassing $1 billion in combined volume on their first day. Leading the pack was Grayscale’s ETHE ETF, which achieved $462 million in volume. BlackRock’s ETHA followed with $250 million in volume. The total volume accounts for approximately 23% of Bitcoin’s first-day ETF volume of $4.6 billion. In the first 90 minutes of trading, ETH ETFs amassed $336 million in volume. The price of ETH remained relatively stable over the last 24 hours, fluctuating between $3,400 and $3,500.

Erigon released Erigon 3, the latest version of its client, which functions as an all-in-one EVM-node, supporting both the execution layer and consensus layer. Erigon 3 is optimized for use as an archive node, full node, and pruned node. Key features include ultra-fast RPC calls and the ability to exceed 1Ggas/sec in block production. The Consensus module, Caplin, uses advanced storage and data compression techniques, enabling it to serve as a Full Archive Consensus node for Beacon Chain history and blobs. Erigon 3 uses an internally developed database named QSM db. Erigon 3 is currently in an alpha phase with a beta release planned before the Pectra hard fork.

Ethereum Film released the trailer for "Vitalik: An Ethereum Story," a community-funded feature documentary focusing on the creation of Ethereum, Vitalik Buterin's journey, and the global community of builders. The movie has been three years in the making, filmed across 28 cities and 15 countries. Users can mint the trailer as an NFT on Zora, with proceeds going towards production costs and supporting the Protocol Guild. The top 20 minters of the trailer NFT will gain access to the film’s in-person world premiere. The documentary will premiere on September 18th.

EtherFi, the largest liquid restaking protocol, reached a milestone of 2 million ETH in deposits, boosting its TVL to nearly $7 billion. EtherFi currently ranks as the fifth largest protocol on Ethereum by TVL. Earlier this month, EtherFi introduced staking for its native ETHFI token. EtherFi Cash, a credit card product that allows users to spend their EtherFi assets without needing to off-ramp, is set to launch in September.

• Avail goes live on mainnet

• Bitwise uses ENS subdomains

• Coinbase requests SEC documents

• Fault proofs go live on Base Sepolia

• Vitalik on exploring Circle STARKs

• ETH ETF Day POAP

• Harris to speak at Bitcoin conference

• Ethena reward-bearing asset proposals

• Privy supports Anomaly

• Introducing Abstract Chain

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