Ethereum's Remarkable Rally

Ethereum (ETH) experienced a significant surge, climbing more than 4% to $3,768 on Sunday. This marks its highest valuation since December 18, 2024, fueled by growing investor interest in Ether ETFs and positive developments in US crypto legislation.

Record Inflows into Ethereum ETFs

Investors have shown robust confidence in Ethereum, with approximately $726 million flowing into US-listed Ethereum ETFs in a single day. This event stands out as one of the most substantial inflows recorded this year, highlighting the sustained institutional demand. Notably, BlackRock has emerged as a key player in this uptrend.

Legislative Boost from the GENIUS Act

The recent enactment of the GENIUS Act has further energized the market. By establishing a legal framework for stablecoins, many of which operate on the Ethereum network, the Act has contributed to the prevailing optimistic sentiment among investors.

At 7:55 am ET, Ethereum's price was up by 4.3% at $3,768, while Bitcoin (BTC) remained stable at $117,877.