Ether outruns bitcoin as ETF money returns, almost all of from BlackRock's fund
CoinDesk 2026-07-16 04:56:15
Context: Ether has outperformed the large-cap crypto market this week, rising about 11 percent over seven days, while most other major tokens were flat or negative. The surge is attributed to accelerated inflows into U.S. spot ether ETFs, particularly into BlackRock's low-fee products, and new demand from Robinhood Chain, a layer-2 network launched on July 1. This comes as bitcoin's market remains relatively steady despite volatile ETF flows.
Key Facts
- 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.
- Inflows into U.S. spot ether ETFs have accelerated, with $96 million added in the first three days of the week, heavily concentrated in BlackRock’s low-fee products, while Grayscale’s higher-fee ether trust continues to see outflows.
- BlackRock's ETHA absorbed $45.3 million and its smaller ETHB fund took $4 million of the $53.8 million that came in on Wednesday, leaving the other eight products to split less than $5 million between them.
- Grayscale's original ether trust, which charges 2.5% against BlackRock's 0.25%, has now bled $5.3 billion since launch.
- Robinhood Chain, the layer-2 network launched on July 1, has been processing more than $800 million a day in mostly memecoin trading, providing a new demand source for ether.