On September 18, Volatility Shares 2x Ether ETF rose 8.57% in regular trading, trading at $27.745/share, with turnover of $59.55 million. The leveraged ETF amplified gains as Ethereum surged past the $2,700 level, reaching a peak of $2,720 and marking a new all-time high.

The rally comes amid a sharp reversal from earlier in the week, when crypto markets had been rocked by the U.S. Senate's rejection of the Digital Asset Market Structure Clarity Act, which triggered broad-based selling. Ethereum had dropped over 8% intraday on September 15, briefly falling below $2,500. However, structural supply dynamics appear to be fueling the rebound — on-chain data shows ETH exchange supply has fallen below 12.7%, nearly 4 percentage points lower than Bitcoin's 16.5%, indicating persistent outflows and tightening liquidity. Meanwhile, the Ethereum ecosystem is preparing for the Glamsterdam upgrade, a significant protocol overhaul restructuring gas computation and introducing in-protocol proposer-builder separation.

(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.)