On September 21, Volatility Shares 2x Ether ETF rose 8.01% in regular trading, trading at $32.105/share, with turnover of $160 million. As a 2x leveraged ETF tracking Ether, the fund's gain reflects a broad-based rally in ETH, which climbed above $2,650 amid intensifying institutional and whale demand.

On the institutional front, BlackRock has accumulated approximately $1.5 billion worth of ETH over the past 20 days through its ETHA and ETHB products, with ETHB recording no single-day outflow during the period. Meanwhile, on-chain data revealed aggressive whale activity: a large entity accumulated over $38.61 million in ETH since September 18, averaging a cost of $2,528 per token, while another whale purchased 7,567 ETH worth $20 million. ETH network-wide contract open interest surged 8.58% in 24 hours to $36.78 billion, signaling heightened speculative momentum. Additionally, prediction market data showed the probability of ETH reaching $2,700 in September climbed to 66%, up 38 percentage points in 24 hours, reinforcing bullish sentiment across the leveraged ETH product space.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)