Altcoin Trading Volume Shoots Up: Is The Altseason Upon Us Again?
Altcoin trading volume rises above yearly average, sparking altseason talks.
NewsBTC1 min read
Ether outpaces bitcoin as ETF flows split and Ethereum activity jumps 41% on-week
TL;DR
Ether is outperforming Bitcoin as ETF flows diverge, with ETH rising 8% in 24 hours compared to Bitcoin's 5%. Ethereum network activity surged 41% week-over-week, while Bitcoin ETFs experienced significant outflows totaling $325.8 million.
Key points
- Ether outperformed Bitcoin with an 8% gain in 24 hours
- Bitcoin ETFs had $325.8 million in net outflows
- Ether ETFs recorded $187 million in weekly inflows
- Ethereum daily transactions surged 41% week-over-week
- Cumulative inflows for Ether ETFs reached $11.68 billion
FidelityARK
Ether (ETH) is pulling ahead of bitcoin in a clear rotation, with capital shifting as bitcoin ETFs see outflows and ether funds and prices move higher.
ETH is up about 8% over the past 24 hours versus bitcoin’s roughly 5% gain, according to CoinDesk market data, extending its outperformance to about 4 percentage points over the past week and nearly 9 points over the past month.
U.S. spot bitcoin ETFs recorded $325.8 Million in net outflows on April 13, led by $229 Million from Fidelity’s FBTC and $63 Million from ARK’s ARKB, according to SoSoValue data. The pullback marks a clear cooling in what has been bitcoin’s primary source of marginal demand.
Ether ETFs saw modest daily inflows of $7.7 million, while weekly inflows climbed to $187 million for the period ending April 10 – the strongest showing of 2026 and a sharp reversal from three straight weeks of outflows totaling roughly $308 million. Cumulative inflows have now reached a record $11.68 billion.
At the same time, activity on the Ethereum network is accelerating sharply. Daily transactions have jumped 41% week over week to roughly 3.6 million, with Artemis data showing a near-vertical rise from about 2.5 million on April 10. Among major chains, only Sonic and TON posted larger percentage gains, both from far smaller bases.
(Artemis)
The quality of that activity, however, is less clear. Stablecoin transfer volume on Ethereum is down 42.6% over the same period and fees have fallen nearly 50%, pointing to smaller transaction sizes and lighter economic throughput.
Bitcoin, for its part, is holding firm despite the outflows, a sign of underlying spot support even as its dominant ETF bid weakens, according to Glassnode's most recent weekly report.
For now, bitcoin is absorbing ETF outflows without breaking, a sign of underlying spot strength even as momentum indicators flash overbought. Whether ether’s setup marks the start of a durable rotation or a short-lived burst will depend on ETH funds sustaining inflows and bitcoin’s positioning unwinding without a sharp correction.
Q&A
What caused the $325.8 million outflow from Bitcoin ETFs?
The outflow was primarily led by Fidelity's FBTC with $229 million and ARK's ARKB with $63 million, indicating a cooling demand for Bitcoin.
How much did Ether ETFs gain in inflows recently?
Ether ETFs saw inflows of $187 million for the week ending April 10, marking the strongest performance of 2026 after three weeks of outflows.
What is the recent trend in Ethereum network activity?
Ethereum network activity has increased significantly, with daily transactions rising 41% week-over-week to approximately 3.6 million.
