Ethereum (ETH) has risen by over 60% in the past month, significantly outpacing Bitcoin (BTC)'s growth. This is due to the impact of the 'Genius Act' stablecoin regulation bill, which has drawn attention to Ethereum as a payment and issuance infrastructure.
According to global virtual asset market site CoinMarketCap as of 4 PM on the 28th, ETH was traded at $3,915.51, up 3.77% from the previous day. This represents a 61.19% increase over the past month. During the same period, BTC's growth was limited to around 11%.
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According to virtual asset investment data provider SoSoValue, the US Ethereum spot ETF has seen continuous fund inflows for 16 consecutive trading days from the 3rd to the 25th of this month. On the most recent trading day, the 25th, $452.72 million flowed in. Specifically, $440.10 million was concentrated in BlackRock's 'iShares Ethereum Trust (ETHA)'. ETHA's Assets Under Management (AUM) is $10.69 billion, ranking first in market share among US Ethereum spot ETFs.
As of this day, the cumulative net inflow for US Ethereum spot ETFs reaches $9.33 billion (approximately 12.894 trillion won). Total net assets are recorded at $20.66 billion. According to Bloomberg, ETHA broke through $10 billion in AUM in just 251 days, the third-fastest record in ETF industry history. It follows the iShares Bitcoin Trust (34 days) and Fidelity Wise Origin Fund (53 days).
The virtual asset specialized media Decrypt evaluated that "the increase in ETH price and expansion of ETH-based treasury companies have combined to increase demand for Ethereum spot ETFs".
Particularly, after former US President Donald Trump signed the Genius Act this month, there are analyses that ETH has emerged as a beneficiary asset. As of DeFi Llama, 50.02% of all stablecoins are currently being issued on the Ethereum chain. Consequently, the Ethereum ecosystem responsible for stablecoin issuance and payment infrastructure is gaining attention as a key platform.
Rick Edelman, founder of digital asset financial education institution Digital Asset Council (DACFP), said, "While ETH has been underperforming compared to BTC in recent years, it is now showing a sharp rise," and diagnosed, "As always, many investors are only starting to buy after the price has already increased."
- Do Ye-ri, Reporter
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