Ether has outperformed the rest of the large-cap crypto market this week, rising about 11 percent over seven days as most other major tokens were flat or negative.
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.
Ether is also benefiting from new demand from Robinhood Chain, a layer-2 network launched July 1 that uses ether for gas and has been processing more than $800 million a day in mostly memecoin trading.
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.
Bitcoin sat at $64,600, down 0.3% on the day.
