On August 21, Volatility Shares 2x Ether ETF rose 8.25% in regular trading, trading at $25.54/share, with turnover of $283 million. The leveraged ETH ETF tracked a broad Ethereum rally that saw ETH surge past $2,355, gaining over 12% in 24 hours.

The rally was driven by multiple catalysts. U.S. President Trump actively pushed the Clarity Act, a bill aiming to classify crypto tokens primarily as commodities rather than securities, significantly improving regulatory expectations. Simultaneously, declining U.S. Treasury yields redirected capital into risk assets, while a massive short squeeze amplified upward momentum — over $8.41 billion in liquidations occurred across crypto markets in 24 hours, with short liquidations accounting for $6.71 billion. ETH-specific short liquidations reached $1.76 billion, with notable casualties including a Hyperliquid trader whose 50,000 ETH short position was liquidated at a $26.6 million loss.

Institutional participation reinforced bullish sentiment, with a BlackRock client executing a $122 million ETH purchase — the largest single buy in seven months. ETH open interest surged 15.29% in 24 hours to $30.1 billion, reflecting aggressive new positioning.

(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.)