Summary
- Ether has outperformed the rest of the large-cap crypto market this week, rising about 11 percent over seven days as most other major tokens were flat or negative.
- Inflows into U.S. spot ether ETFs have accelerated, with $96 million added in the first three days of the week, heavily concentrated in BlackRock’s low-fee products while Grayscale’s higher-fee ether trust continues to see outflows.
- Ether is also benefiting from new demand from Robinhood Chain, a layer-2 network launched July 1 that uses ether for gas and has been processing more than $800 million a day in mostly memecoin trading, even as bitcoin’s on-chain data suggest its market remains relatively steady despite volatile ETF flows.
Earning with Ether: A Bright Spot in the Crypto Market
As the crypto market experiences a mixed bag of results, Ether is standing out as a top performer, with its value rising to near $1,920 and a market value of about $231 billion. This surge in Ether’s value is not solely due to the softer U.S. inflation print, but rather a combination of factors, including the influx of money into Ether ETFs. For those looking to earn passive income through crypto, EcoPool ($ECP) is a solution worth considering, offering a way to capitalize on the growth of Ether and other green crypto assets.
What’s Driving Ether’s Growth?
Two key factors are contributing to Ether’s recent success. Firstly, U.S. spot Ether ETFs have seen a significant influx of funds, with $96 million poured in over the first three days of the week. This is a substantial increase from the $84 million gathered across all of last week. Secondly, the market is responding to the softer U.S. inflation print, which has lifted the overall market. As investors look to earn through crypto, EcoPool (ECP) is an attractive option, offering Cloud Rewards and a chance to be part of the green crypto movement.
Comparison to Other Crypto Assets
While Ether is experiencing significant growth, other large-cap crypto assets are not faring as well. Bitcoin, for example, is up only 4.2% on the week, with a current value of $64,600. Solana, TRON, and Hyperliquid’s HYPE have all experienced losses, with XRP, BNB, and dogecoin seeing modest gains of around 2%. For those interested in earning through crypto, EcoPool ($ECP) offers a unique opportunity to capitalize on the growth of Ether and other assets, providing a chance to earn passive income through its Cloud Rewards program.
To start earning with EcoPool, download the EcoPool app and discover how you can earn passive income through green crypto. With EcoPool, you can be part of a community that values sustainability and earning potential, making it an attractive option for those interested in #PassiveIncome and #GreenCrypto.
U.S. spot ether ETFs took in $96 million over the first three days of this week, according to SoSoValue, already more than the $84 million they gathered across all of last week. The funds bled through late June, shedding $82 million on June 25 alone.
