Ether outruns bitcoin as ETF money returns, almost all of from BlackRock's fund
Ether is currently outperforming Bitcoin in market growth, driven largely by significant inflows into BlackRock's spot ether ETFs. While Bitcoin ETF flows remain volatile, Ethereum is seeing additional demand from new layer-2 network activity.
Why it matters
The shift in institutional capital toward Ethereum ETFs signals changing investor sentiment and potential diversification within the crypto asset class.
Ether traded near $1,920 on Thursday, up 2.2% on the day and roughly 11% over seven sessions, carrying a market value of about $231 billion on roughly $12 billion of daily volume. Bitcoin sat at $64,600, down 0.3% on the day and up 4.2% on the week. Below them the tape turns negative.
Solana fell 1.1% to $77 and is lower over seven days. TRON slipped to $0.32, down 1.6% on the week. Hyperliquid's HYPE lost 1.8% to $66 and is down 1.7%. XRP, BNB and dogecoin each added a little over 2% for the week, roughly a fifth of ether's move.
Two factors have provide tailwinds for ether this week.
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