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

Ether is outperforming bitcoin as ETF flows, spot prices and a 41% jump in Ethereum transactions move in the same direction for the first time in months. What to know : Ether has begun to outperform bitcoin as capital rotates out of U.S. spot bitcoin ETFs, which saw more than $325 million in net outflows on April 13, and into ether funds that are recording renewed inflows. Ethereum network activity is surging, with daily transactions up 41% week over week, but stablecoin transfer volume and fees are down sharply, suggesting more on-chain activity with less economic value behind it. Whether this ether-led rotation proves durable will depend on continued ETH fund inflows, bitcoin’s ability to digest ETF outflows without a sharp correction, and an improvement in the quality of Ethereum’s on-chain activity.