Ether outpaces bitcoin as ETF flows split and Ethereum activity jumps 41% on-week
Crypto

Ether outpaces bitcoin as ETF flows split and Ethereum activity jumps 41% on-week

CoinDesk·11h ago·Neutral

What Happened

Ether rose 8% in 24 hours, outpacing bitcoin's 5% gain. Bitcoin spot ETFs recorded $325.8 million in net outflows April 13, led by Fidelity and ARK funds. Ether ETFs saw $7.7 million daily inflows and $187 million weekly inflows. Ethereum network activity jumped 41% week-over-week to 3.6 million daily transactions. However, stablecoin transfer volume fell 42.6%, suggesting lower economic value despite higher transaction counts.

Key Entities

Ether (ETH)BitcoinFidelity FBTCARK ARKBEthereum networkStablecoinUSDCUSDTRAVE

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