Data: In August, the monthly spot trading volume of Ethereum on CEX reached approximately $480 billion, surpassing Bitcoin for the first time

ChainCatcher news, according to The Block, Ethereum (ETH) monthly spot trading volume on centralized exchanges reached approximately $480 billion, surpassing Bitcoin (BTC) for the first time at $401 billion.

Several companies, such as BitMine Immersion and SharpLink Gaming, disclosed large ETH purchases, driving up their holdings. During the same period, the net inflow for ETH ETFs in the U.S. stock market was $3.95 billion, while BTC ETFs saw a net outflow of $301 million. ETH has increased by over 105% this year, while BTC has risen by about 18%.