ETH Lags Behind as Solana, XRP, Bitcoin Rally With 5X Gains

• ETH rose 4% in the past day but has been outperformed by SOL, XRP, and BTC.
• ETH ETFs reported $167.62 million in net inflows on Wednesday.
• ETH dominance has dropped to just 12.7% after XRP, SOL, BNB, and BTC shot up.

Ethereum (ETH) rose over 4% in the past 24 hours, hitting $3,853 and nearing $4,000. Despite the uptick, Ethereum lags behind top-performing altcoins like Solana (SOL) and XRP, as well as Bitcoin (BTC), all of which have posted up to 5X gains since the rally began.

Despite completing various upgrades following The Merge, Ether has failed to reach new highs and is down 21.12% from its all-time high of $4,891.70. The approval of spot ETH exchange-traded funds (ETFs) earlier this year has also failed to push the price any higher. To note, ETH dominance has dipped to 12.7%.

ETH ETF Inflows and Market Performance

According to SoSoValue data, spot ETH ETFs recorded $167.62 million in net inflows on Wednesday. The cryptocurrency’s market cap reached $463.91 billion. A total of $897.82 million has flowed into the ETH ETF space since approval in May.

Since the market uptrend began in October, ETH has lagged behind Solana (SOL), XRP, and even BN…

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