--- title: "Weekly Recap | ETHA.US +3.46%, closing in on record highs" type: "News" locale: "en" url: "https://longbridge.com/en/news/298784604.md" description: "ETHA.US gained 3.46% this week, closing at US$19.16, while the S&P 500 fell 0.8% - the ETF outperformed the benchmark by about 4.26 percentage points. Trading was front-loaded to the downside and back-loaded to the upside: from Tuesday to Thursday the price slipped from US$18.72 to US$18.56, then Friday staged a high-volume rally, touching an intraday high of US$20.12 before settling at US$19.16. The week’s amplitude came to 10.26%, with Friday’s volume near 97." datetime: "2026-09-12T04:22:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298784604.md) - [en](https://longbridge.com/en/news/298784604.md) - [zh-HK](https://longbridge.com/zh-HK/news/298784604.md) generator: "portal-rs" --- # Weekly Recap | ETHA.US +3.46%, closing in on record highs ## The Week ETHA.US gained 3.46% this week, closing at US$19.16, while the S&P 500 fell 0.8% - the ETF outperformed the benchmark by about 4.26 percentage points. Trading was front-loaded to the downside and back-loaded to the upside: from Tuesday to Thursday the price slipped from US$18.72 to US$18.56, then Friday staged a high-volume rally, touching an intraday high of US$20.12 before settling at US$19.16. The week’s amplitude came to 10.26%, with Friday’s volume near 97.2 million shares - more than double the week’s daily average. ## Sector News The week’s Ethereum-related news centred on the upgrade roadmap and institutional positioning. On the roadmap, the Ethereum Foundation continued to evaluate proposals for the Hegotá upgrade and published a plan for a quantum-resistant network by December 2029; developers confirmed on Friday that Glamsterdam Sepolia would activate on 6 October. On the positioning side, BitMine Immersion Tech repeatedly disclosed that its ETH holdings had reached 5.93 million tokens, about 4.9% of supply, and BlackRock’s ETHB bought roughly US$13.9 million in ETH on Friday, according to Arkham. Notably, US spot ETH ETFs pulled in US$1.75 billion in August, their best month in a year, though the week also saw a single-day net outflow of 9,540 ETH from Ethereum ETFs. ## The Week Ahead The coming week brings a dense run of US macro and retail data. Tuesday sees the New York Fed manufacturing index, with the prior reading at 20.6. Wednesday is the heavy day: retail sales excluding autos, retail sales, import prices, the NAHB housing market index and EIA crude inventories all land together, with several retail gauges showing wide gaps between prior and forecast values. These releases are likely to anchor rate-hike expectations. Separately, the Ethereum Foundation plans a Reddit AMA on 16 September to discuss Glamsterdam and zkEVM, which may extend sentiment effects across the crypto complex. ## In Short ETHA.US moved higher against a falling broad market, but the week leaves two forces in tension: Ethereum’s upgrade expectations and large institutional disclosures provided support, alongside record August inflows into spot ETH ETFs; at the same time, a hot PPI print raised rate-hike odds, and both Bitcoin and Ether ETFs recorded outflows during the week. The key follow-through is how next week’s retail data re-shapes rate expectations and whether institutional buying persists. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [ETHA.US](https://longbridge.com/en/quote/ETHA.US.md) ## Related News & Research - [ETH on track to close the best September since 2016](https://longbridge.com/en/news/300413936.md) - [Mapping the Market: Cryptocurrency ether makes its break](https://longbridge.com/en/news/299745709.md) - [‘Open Your Eyes,’ Says Top Investor About Oracle Stock](https://longbridge.com/en/news/301160283.md) - [Marvell Now Sees as Much as $90 Billion in Annual Sales by Fiscal 2031. Here's Why It's a Chip Stock to Buy.](https://longbridge.com/en/news/301114413.md) - [Palantir vs. Oracle – Why Daniel Ives Says Buy One, Hold the Other](https://longbridge.com/en/news/301155464.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**