Recent News

Ether Takes Crypto Spotlight: Historic Stablecoin Bill Boosts Market

Table of Content

Ether’s Dominant Performance Amidst Legislative Wins

Ether (ETH) and various crypto-related stocks have recently seized the crypto spotlight, climbing significantly as the landmark GENIUS Act heads to President Donald Trump’s desk for signing. This pivotal legislative development has provided a fresh impetus to the digital asset market, with Ether, in particular, demonstrating remarkable strength. Trading at highs not seen since January, Ether’s price was last up by 3.6% at $3,558.68, according to Coin Metrics. This strong performance signals a potential shift in market leadership, with capital flowing into Ethereum and its associated ecosystem, while Bitcoin and its proxies take a temporary breather.

Record-Breaking ETF Inflows for Ethereum

A clear indicator of Ether’s surging momentum came on Thursday, when Exchange-Traded Funds (ETFs) tracking the price of Ether recorded daily inflows that surpassed those of Bitcoin ETFs for the first time ever. These Ether funds logged an impressive $602 million in net inflows, with BlackRock’s iShares Ethereum Trust (ETHA) leading the charge. This contrasted with Bitcoin ETFs, which saw $522 million in inflows on the same day. Even more remarkably, a day earlier, the ETH funds experienced a single-day record inflow of $726.7 million, underscoring a significant and growing institutional appetite for Ethereum. This influx of capital is a powerful testament to Ether’s increasing appeal to mainstream investors.

Crypto Trading Stocks Ride the ETH Wave

The positive sentiment surrounding Ether and the legislative advancements has had a ripple effect across stocks tied to crypto trading. Coinbase, a major cryptocurrency exchange, saw its shares rise by 4%, hitting an all-time intraday high that surpassed its initial pop on its IPO date in 2021. This performance positions Coinbase for its fifth consecutive positive week. Robinhood, another popular trading platform, also added 4% to its value. Furthermore, Ether treasury stock Bitmine Immersion Technologies continued its rally, jumping an impressive 12% on Friday. This synchronised ascent of crypto-related equities reflects the market’s bullish reaction to the evolving regulatory landscape and Ether’s strong performance.

Bitcoin Takes a Breather as Momentum Shifts

While Ether and crypto stocks surged, Bitcoin experienced a slight dip, slipping by 1%. Bitcoin treasury giant Strategy (formerly MicroStrategy) fell 4%, and Mara Holdings, a mining company and Bitcoin proxy, hovered under the flat line. This divergence in performance suggests a potential rotation of capital within the crypto market. Ether has advanced an impressive 19% this week, bringing its two-week gain to approximately 43.6%, marking its strongest two-week period since August 2021. In contrast, Bitcoin is down less than 1% for the week, indicating that the leadership pendulum in crypto may indeed be shifting, as noted by experts like Wolfe Research’s Read Harvey.

Expert Insights on Ethereum’s Ascendancy

Market analysts are increasingly bullish on Ethereum’s prospects. Wolfe Research’s Read Harvey commented, “No coin seems to have more [momentum] than Ethereum of late.” He added that they began suggesting exposure to ETH in May when it started showing “some life relative to BTC.” Now, he observes, “We’re not just seeing life, but a potential trend reversal.” Trading near five-month highs relative to Bitcoin, Ether’s newfound strength is prompting discussions about a fundamental shift in crypto market dynamics, with Ethereum potentially leading the next phase of growth and innovation within the decentralised finance (DeFi) space.

The Landmark GENIUS Act and Its Significance

The positive market reaction is largely attributed to the passage of a bundle of crypto bills by the House on Thursday. Crucially, the stablecoin legislation, known as the GENIUS Act, is now headed to President Trump’s desk and is expected to be signed into law on Friday afternoon. This will mark the first-ever piece of major crypto legislation in the United States. Noelle Acheson, an economist and author of the Crypto is Macro Now newsletter, emphasised its importance, stating, “This is the biggest deal in crypto so far this year… it’s the first crypto-focused law in the history of the United States.” She added that being a law, rather than an agency ruling, means its provisions cannot be easily overturned by future administrations, and stablecoins will become deeply embedded in the global financial landscape.

BlackRock’s Staking Filing and Future Outlook

Further boosting sentiment for crypto’s second-largest coin, BlackRock also filed with the SEC on Thursday to include staking to its ETHA Ether ETF. This move signals a deeper integration of staking rewards into institutional investment products, potentially attracting even more capital into the Ethereum ecosystem. The combination of legislative clarity, robust institutional interest, and Ether’s strong technical performance paints a promising picture for its future. As the CLARITY Act, another broader crypto market structure bill, now heads to the Senate, the U.S. continues to solidify its regulatory stance, paving the way for continued innovation and adoption in the digital asset space.

Tags :

Krypton Today Staff

Popular News

Recent News

Independent crypto journalism, daily insights, and breaking blockchain news.

Disclaimer: All content on this site is for informational purposes only and does not constitute financial advice. Always conduct your research before investing in any cryptocurrency.

© 2025 Krypton Today. All Rights Reserved.