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Ether jumps 11% as BlackRock's spot ETFs attract $96M, outpacing Bitcoin's 4% gain this week

Market News
16 Jul 2026
Coindesk
View Source
Bullish
Ether jumps 11% as BlackRock's spot ETFs attract $96M, outpacing Bitcoin's 4% gain this week

Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fee ether trust sees outflows. Additionally, demand from Robinhood Chain, a new layer-2 network using ether for transactions, has boosted ether's usage and trading volume. Bitcoin remains steady but less dynamic amid volatile ETF flows, making ether the standout large-cap crypto this week.

More News (ETH)

Four of five largest cryptos hit 3-month highs amid $648M short squeeze on Sept 21, 2026

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On September 21, 2026, four of the five largest cryptocurrencies—Bitcoin, Ethereum, Solana, and BNB—traded above every price level reached in the past 90 days, signaling a broad market rally. This surge was driven primarily by a forced short squeeze ...

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