Ethereum came within $200 of its all-time high on
Wednesday, powered by a flood of ETF inflows and a wave of tokenized stocks. The cryptocurrency, trading under the ticker ETH, rose
above $4,730 during the session before settling near $4,705, marking its
strongest performance since late 2021.
ETF Buying Outpaces Bitcoin
Investor demand for ether-focused exchange-traded
funds has surged to $1.5 billion so far this week, dwarfing the $244 million
that flowed into bitcoin ETFs.
Ether Price, Source: TradingView
It marks the fourth consecutive week ether funds have
outpaced their bitcoin counterparts, a reversal from the muted trading they saw
for most of their first year on the market.
Analysts link the shift to a friendlier regulatory
climate, particularly measures supporting the growth of stablecoins — digital
tokens pegged to fiat currencies, many of which operate on Ethereum’s
blockchain. These assets now account for 40% of all blockchain fees.
Wall Street Joins the Trade
The GENIUS Act, passed in July, established a legal
framework for stablecoin adoption in the U.S., while the SEC’s Project Crypto
aims to modernize oversight of the digital asset sector. Since the passage of the legislation, ETH has gained more than 50%.
TRUMP: 🇺🇸 “The Golden Age of America is upon us, with today’s signing.”
President Trumps signs the Genius Act signaling the first of Stablecoin legislation. pic.twitter.com/JD2TtV0p9b
— CoinDesk (@CoinDesk) July 18, 2025
Treasury holdings in ETH have also grown. Companies
such as Bitmine Immersion saw shares jump 10%, while SharpLink Gaming and Bit
Digital posted gains of more than 4% and 2% respectively. The rally follows
stablecoin issuer Circle’s first earnings report showing a 53% rise in
quarterly revenue, and comes ahead of crypto exchange Bullish’s planned public
listing.
With ETF inflows building momentum and regulatory
changes supporting blockchain adoption, traders are now watching to see if ether can break its 2021 record before the end of the week.
Tokenized Stocks Boom
In July, interest in tokenized stocks rose sharply, with
TSLA and SPY reaching a combined market capitalization of $53.6 million — a
220% increase compared to June, according to Binance’s latest report.
On-chain addresses linked to these assets expanded rapidly
over the month, climbing from around 1,600 to more than 90,000. Despite this
growth, trading activity on centralized exchanges outweighed that of on-chain
platforms by over 70 times, indicating substantial demand not fully captured in
blockchain data.
Tokenized stocks volumes experienced notable growth in July, Source: Binance
The sector remained small but showed accelerating momentum.
Binance estimated that tokenizing just 1% of global equities could expand the
market to $1.3 trillion, more than eight times the peak value of the
decentralized finance (DeFi) sector.
xStocks by Backed Finance emerged as a major player in July,
leveraging Europe’s permissive regulatory environment while preparing to enter
the U.S. market as regulatory conditions improved.
After months of Bitcoin dominance, July marked a shift in
the crypto market as altcoins surged ahead, with Ethereum leading the rally.
The market benefited from regulatory clarity, increased treasury allocations,
and heightened interest in tokenized assets. Ethereum gained 51% during the
month, driven by inflows into spot ETH ETFs and significant corporate treasury
adoption.
Ethereum came within $200 of its all-time high on
Wednesday, powered by a flood of ETF inflows and a wave of tokenized stocks. The cryptocurrency, trading under the ticker ETH, rose
above $4,730 during the session before settling near $4,705, marking its
strongest performance since late 2021.
ETF Buying Outpaces Bitcoin
Investor demand for ether-focused exchange-traded
funds has surged to $1.5 billion so far this week, dwarfing the $244 million
that flowed into bitcoin ETFs.
Ether Price, Source: TradingView
It marks the fourth consecutive week ether funds have
outpaced their bitcoin counterparts, a reversal from the muted trading they saw
for most of their first year on the market.
Analysts link the shift to a friendlier regulatory
climate, particularly measures supporting the growth of stablecoins — digital
tokens pegged to fiat currencies, many of which operate on Ethereum’s
blockchain. These assets now account for 40% of all blockchain fees.
Wall Street Joins the Trade
The GENIUS Act, passed in July, established a legal
framework for stablecoin adoption in the U.S., while the SEC’s Project Crypto
aims to modernize oversight of the digital asset sector. Since the passage of the legislation, ETH has gained more than 50%.
TRUMP: 🇺🇸 “The Golden Age of America is upon us, with today’s signing.”
President Trumps signs the Genius Act signaling the first of Stablecoin legislation. pic.twitter.com/JD2TtV0p9b
— CoinDesk (@CoinDesk) July 18, 2025
Treasury holdings in ETH have also grown. Companies
such as Bitmine Immersion saw shares jump 10%, while SharpLink Gaming and Bit
Digital posted gains of more than 4% and 2% respectively. The rally follows
stablecoin issuer Circle’s first earnings report showing a 53% rise in
quarterly revenue, and comes ahead of crypto exchange Bullish’s planned public
listing.
With ETF inflows building momentum and regulatory
changes supporting blockchain adoption, traders are now watching to see if ether can break its 2021 record before the end of the week.
Tokenized Stocks Boom
In July, interest in tokenized stocks rose sharply, with
TSLA and SPY reaching a combined market capitalization of $53.6 million — a
220% increase compared to June, according to Binance’s latest report.
On-chain addresses linked to these assets expanded rapidly
over the month, climbing from around 1,600 to more than 90,000. Despite this
growth, trading activity on centralized exchanges outweighed that of on-chain
platforms by over 70 times, indicating substantial demand not fully captured in
blockchain data.
Tokenized stocks volumes experienced notable growth in July, Source: Binance
The sector remained small but showed accelerating momentum.
Binance estimated that tokenizing just 1% of global equities could expand the
market to $1.3 trillion, more than eight times the peak value of the
decentralized finance (DeFi) sector.
xStocks by Backed Finance emerged as a major player in July,
leveraging Europe’s permissive regulatory environment while preparing to enter
the U.S. market as regulatory conditions improved.
After months of Bitcoin dominance, July marked a shift in
the crypto market as altcoins surged ahead, with Ethereum leading the rally.
The market benefited from regulatory clarity, increased treasury allocations,
and heightened interest in tokenized assets. Ethereum gained 51% during the
month, driven by inflows into spot ETH ETFs and significant corporate treasury
adoption.
