Ether Outpaces Bitcoin as ETF Flows Shift and Network Activity Surges
U.S. spot ETFs have long been an important source of marginal demand for Bitcoin. A shift in flows toward Ether products could signal a change in institutional risk appetite. SoSoValue data show that cumulative net inflows into Ether ETFs have reached a record $11.68 billion. However, an increase in on-chain transactions without accompanying fund transfers does not necessarily indicate a corresponding rise in economic activity.
On April 13, U.S. spot Bitcoin ETFs recorded net outflows of $325.8 million, including $229 million from Fidelity’s FBTC and $63 million from ARK’s ARKB. Ether ETFs attracted $187 million in net inflows in the week ended April 10, the highest level of 2026. Artemis data show that daily Ethereum transactions rose 41% week on week to 3.6 million. ETH gained 8% over 24 hours, outperforming BTC’s 5% rise.
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The history behind this eventEther Outpaces Bitcoin as Inflows Pour Into BlackRock ETF
Ether, the world’s second-largest cryptocurrency, has long tracked bitcoin’s price movements. This time, heavy institutional inflows into BlackRock’s spot ether ETF, coupled with Robinhood’s launch of a Layer-2 network that brought trading volume to Ethereum decentralized exchanges, gave ether stronger growth momentum than bitcoin. The development is an important gauge of capital rotation and real-world adoption in the crypto market.
According to SoSoValue, U.S. spot ether ETFs attracted a combined $96 million in the first three days of the week as of mid-July 2026, surpassing the previous week’s $84 million. BlackRock’s ETHA accounted for $45.3 million of the $53.8 million in total inflows on one day. Ether gained as much as 11% over the latest seven trading days, significantly outperforming bitcoin’s 4% rise and signaling strong renewed inflows.
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