CoinDesk·3 min read·medium
Ether outruns bitcoin as ETF money returns, almost all of from BlackRock's fund
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Shaurya Malwa
✦AI Summary
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.
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.
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