Ether's Big Week: New Law and Market Shifts

Ether, the second-largest cryptocurrency, had a strong week. It reached its highest price since January, trading at around $3, 506. 48. This surge came as President Donald Trump signed the GENIUS Act into law, a big deal for the crypto world. Ether's rise was notable because it outperformed bitcoin and its related stocks. For the first time, ether ETFs saw more money flowing in than bitcoin ETFs. BlackRock's iShares Ethereum Trust led the way with significant inflows. Meanwhile, stocks like Coinbase and Robinhood also saw gains. Coinbase even hit a new all-time high during trading. However, bitcoin and its related stocks like MicroStrategy and Mara Holdings saw declines. Analysts are taking notice. Wolfe Research mentioned that ether seems to have strong momentum. It's been gaining ground against bitcoin, suggesting a possible shift in the crypto market. The GENIUS Act is a major milestone. It's the first significant crypto law in the U. S. This law could have long-lasting effects, as it's harder to overturn than agency rulings. Another bill, the CLARITY Act, is now heading to the Senate. This week showed ether's growing importance. With new laws and market shifts, the crypto landscape is evolving. It's an exciting time for ether and the broader crypto market.