Ether jumps 11% as BlackRock's spot ETFs attract $96M, outpacing Bitcoin's 4% gain this week
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fee ether trust sees outflows. Additionally, demand from Robinhood Chain, a new layer-2 network using ether for transactions, has boosted ether's usage and trading volume. Bitcoin remains steady but less dynamic amid volatile ETF flows, making ether the standout large-cap crypto this week.
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fee ether trust sees outflows. Additionally, demand from Robinhood Chain, a new layer-2 network using ether for transactions, has boosted ether's usage and trading volume. Bitcoin remains steady but less dynamic amid volatile ETF flows, making ether the standout large-cap crypto this week.
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