This week, the Ether has apparently won bitcoin and most mainstream coins. Market data show that ETH increased by about 11 per cent in the last seven days, while BTC increased by about 4 per cent in the same period, and SOL, TRON and HYPE generally weakened. The return of U.S. F.E.F. funds and the new demand brought on-line by Robinhod Chain are two major drivers of fragmentation in this round.

E.T.F. Refund.

According to SoSoValue data, US FETF net inflows of $96 million for the first three trading days of the week have exceeded the $84 million it received throughout last week. In contrast, such products continued to eject at one point in late June, and on 25 June alone, $82 million a day.

In terms of distribution of funds, the current round is uneven. Of the $53.8 million received on Wednesdays alone, Belet ETHA absorbed $45.3 million, smaller ETHB absorbed $4 million, and the remaining 8 products were allocated to less than $5 million.

The greyscale old Etherwood Trust continues to flow. The product management fee was 2.5 per cent, significantly higher than the rate of 0.25 per cent for Belet, and had accumulated an outflow of $5.3 billion since it went online.

Robinwood Chain brings new demands

Another support this week from Robinwood Chain. The second layer of the network, launched by Robinhood on July 1st, is paid for by ETH Gas and settled back to the host network.

According to the article, the network now has more than $800 million in daily decentrized transactions, most of which come from Meme currency transactions. This means that, in addition to the return of ETF funds, ETH was given a new use scene that did not exist three weeks ago.

Bitcoin,ETF.

Compared to ETH, the change in the funding of the real ETF is more repeated than that of the ETH. The United States spot bitcoin ETF net outflows $424 million on July 13 and $181 million the next day. Large outflows and recoveries in a short period of time suggest that the financial behaviour remains transactional rather than ongoing.

On the price side, ETH was close to $1920 on Thursday, rising 2.2 per cent that day, with a market value of approximately $23.1 billion and a daily turnover of about $12 billion. BTC reported an estimated $64,600, which fell by 0.3 per cent that day, but increased by 4.2 per cent in the last seven days.

The chain data show that there was no apparent retreat in the Bitcoin market. Nansen data indicate that during the escalation of the situation in the Middle East, the net outflow from the exchange continued and there were no clear signs of a transfer to a stable currency. Typically, a large-scale shift to a stable currency often means that the wallet begins to reduce risk exposure.

In addition, the fact that bitcoin is close to zero for the renewal of the contractual rates means that much of the leverage that facilitated the serial liquidation in June has been largely cleared. The current rate in the city of Bitcoin is about 58.3 per cent.