Ether outpaces bitcoin as ETF flows split and Ethereum activity jumps 41% on-week
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Ether is outperforming bitcoin as capital shifts from U.S. spot bitcoin ETFs, which experienced over $325 million in net outflows, to ether funds with renewed inflows. Ethereum's network activity has surged, with daily transactions increasing by 41% week over week. However, stablecoin transfer volume and fees have decreased, indicating more on-chain activity with less economic value. The sustainability of this ether-led rotation will depend on continued ETH fund inflows, bitcoin's ability to manage ETF outflows, and improvements in Ethereum's on-chain activity quality.
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