This rally is not widespread, with Bitcoin gaining 4% during the same period, while other notable tokens like Solana, TRON, and Hyperliquid experienced declines.
By Shaurya Malwa Jul 16, 2026, 4:56 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- Ether has shown significant gains compared to other major cryptocurrencies this week, climbing approximately 11% over the past seven days while most other large tokens remained stagnant or declined.
- Investment into U.S. spot ether ETFs has surged, with $96 million added within the first three days of the week, primarily directed towards BlackRock’s low-fee products, while Grayscale’s higher-fee ether trust continues to experience outflows.
- Additionally, Ether is seeing new interest from the recently launched Robinhood Chain, a layer-2 network that utilizes ether for transaction fees and has been processing over $800 million daily, mostly in memecoin trading, although Bitcoin’s on-chain metrics indicate its market remains relatively stable despite fluctuating ETF investments.
This week, Ether stands out as the only large-cap cryptocurrency making notable movements, and the recent softer U.S. inflation data that buoyed the market on Tuesday does not account for its performance.
On Thursday, Ether traded around $1,920, reflecting a 2.2% increase for the day and about 11% over the last week, with a market capitalization of approximately $231 billion based on around $12 billion in daily trading volume. Conversely, Bitcoin was priced at $64,600, down 0.3% for the day but up 4.2% for the week. The rest of the market showed negative trends.
Solana decreased by 1.1% to $77 and is down for the week. TRON fell to $0.32, down 1.6% over the week. Hyperliquid's HYPE dropped 1.8% to $66, with a weekly decline of 1.7%. XRP, BNB, and Dogecoin each saw gains of just over 2% for the week, which is only about a fifth of Ether's increase.
Two key factors have contributed positively to Ether’s performance this week.
According to SoSoValue, U.S. spot ether ETFs attracted $96 million in the first three days of this week, surpassing the $84 million collected for the entire previous week. These funds had experienced losses in late June, shedding $82 million on June 25 alone.
In contrast, Bitcoin ETFs are still struggling. U.S. spot bitcoin ETFs lost $424 million on July 13, only to recover $181 million the following day. Such rapid fluctuations are not indicative of a solid investment strategy.
This has resulted in a more concentrated interest in Ether. Out of the $53.8 million received on Wednesday, BlackRock’s ETHA fund captured $45.3 million, while its smaller ETHB fund took in $4 million, leaving the remaining eight products to share less than $5 million among them.
Grayscale's original ether trust, which charges a fee of 2.5% compared to BlackRock's 0.25%, has seen outflows of $5.3 billion since its inception.
Moreover, Ether has gained a new source of demand that wasn't present three weeks ago. The Robinhood Chain, a layer-2 network launched on July 1, pays gas fees in ether and settles transactions on Ethereum, handling over $800 million in daily volume on decentralized exchanges, mostly from memecoin trading, as reported.
Despite the ETF flows suggesting volatility, Bitcoin appears to be more stable. Data from Nansen indicates that outflows from exchanges have remained consistent during the recent escalation of tensions in the Middle East, with no significant shift into stablecoins, which is typically a sign of investors retreating.
Funding rates are hovering near zero, indicating that the overleveraged positions that led to June's liquidation cascades have already been cleared. Bitcoin's dominance stands at 58.3%.
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Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months
Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
By CoinDesk Research Jul 13, 2026CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
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