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

Ether is currently outperforming Bitcoin, driven by a rotation of capital as Bitcoin ETFs experience outflows while Ether funds see inflows and prices rise. Over the past 24 hours, ETH has gained approximately 8% compared to Bitcoin's 5%. This trend is supported by a significant 41% week-over-week increase in Ethereum transactions, reaching about 3.6 million daily. However, the quality of this increased activity is questionable, as stablecoin transfer volume on Ethereum has decreased by 42.6% and fees have fallen by nearly 50%, suggesting smaller transaction values. While Bitcoin is currently absorbing ETF outflows without significant price drops, the sustainability of Ether's outperformance hinges on continued ETF inflows and a stable unwinding of Bitcoin's market position, alongside an improvement in the quality of on-chain activity.

(Source：CoinDesk)