Ethereum rallies following GENIUS Act signing
Ethereum (ETH) is experiencing a powerful rally after the recent signing of the bipartisan GENIUS Act by former President Donald Trump. Over the past week, ETH has surged by approximately 25%, and analysts at Bernstein believe this momentum is just the beginning.
Institutional interest in Ethereum rising
In a note Bernstein analysts said Ethereum will “continue seeing strong investment interest.” The report points to a growing appetite from asset managers like BlackRock, who are expected to increase ETH allocations in institutional portfolios.
Financial institutions, including banks and fintechs, are also purchasing ETH to cover operational costs and transaction fees on the Ethereum network, highlighting the blockchain’s increasing utility in mainstream finance.
GENIUS Act gives legal clarity to stablecoins
The GENIUS Act — officially known as the Guiding and Establishing National Innovation for U.S. Stablecoins Act — provides a federal regulatory framework for stablecoins. It requires all stablecoins to be fully backed by U.S. dollars or high-liquidity assets, mandates annual audits for issuers with over $50 billion in market cap, and introduces stricter rules for foreign issuers operating in the U.S.
“Stablecoins are now legal digital cash,” Bernstein analysts noted. “Given stablecoin’s dominant role on Ethereum, the network is finally having its moment.”
Ethereum ETFs see record-breaking inflows
Spot Ethereum ETFs are also heating up. After trailing behind Bitcoin ETFs historically, ETH ETFs recently saw a record single-day net inflow of $726.74 million, signaling renewed investor confidence.
This shift comes as Ethereum treasury strategies — modeled after those seen in the Bitcoin ecosystem — begin to gain popularity among corporate treasuries seeking blockchain-native yield opportunities.
Not just a crypto cycle — a financial transformation
“This is not a crypto cycle of the boom-bust kind,” Bernstein analysts emphasized. “This is a blockchain financial services cycle.” Their statement reflects a broader shift toward long-term adoption rather than short-term speculation.
ETH price and NFT market on the rise
As of writing, Ether is trading at $3,790, marking a 3.29% increase in the past 24 hours. Bitcoin also rose by 1.15% to $119,424.
Ethereum’s rally has also sparked renewed interest in NFTs. NFT trading volume on the network is now at its highest level since mid-January. The global NFT market cap has jumped to $6.04 billion — up 16.9% in the last 24 hours — reaching its peak since early February, according to CoinGecko.
Ethereum leads the way in Web3 finance
With regulatory clarity from the GENIUS Act, growing institutional interest, and surging user activity, Ethereum is emerging as the primary infrastructure for next-generation financial services. As analysts suggest, Ethereum’s moment may not just be now — it could define the next era of blockchain innovation.
