Ether (ETH) rose weekly by 11%, outperforming Bitcoin, as ETF funds returned

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Deep Tide TechFlow news: On July 17, according to CoinDesk, Ethereum rose by about 11% this week, trading at $1,920. Its market cap is about $231.0 billion, significantly outperforming Bitcoin, which rose 4.2%.

U.S. spot Ethereum ETFs recorded net inflows of $96.0 million over the first three days of the week, already exceeding the $84.0 million inflow for all of last week.

Capital flows are highly concentrated: BlackRock’s low-fee ETHA fund attracted $45.3 million in a single day, while ETHB absorbed $4.0 million. Meanwhile, Grayscale’s high-fee trust continued to see outflows, with cumulative outflows reaching $5.3 billion since its launch. In addition, Robinhood’s Layer 2 network, Robinhood Chain, launched on July 1, uses Ethereum to pay gas fees; it processes more than $800 million in decentralized transactions per day on average, bringing新增 demand for Ethereum.

ETH-3.66%
BTC-1.68%
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