Analysts explained the growth of Ethereum by the adoption of the GENIUS Act
Date: 2025-07-22 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
The GENIUS Act, recently signed by US President Donald Trump, has become an important event for the stablecoin industry, which immediately affected the value of Ethereum. Bernstein experts believe that now this blockchain will become even more firmly established as the basic platform for issuing "stable coins". The experts emphasize that the current dynamics are not similar to standard market cycles and represent a new stage in the development of financial instruments based on the blockchain.
The influence of the GENIUS Act is already noticeable in the figures. According to CoinGecko, Ethereum has risen in price by 45% in two weeks and reached $3,817. At the same time, activity around the ETF based on the altcoin is growing: SoSoValue recorded a record inflow of funds - $2.18 billion in a week. QCP Asia statistics also indicate growing interest: over the week, the volume of open positions in Ethereum perpetual futures increased from $18 billion to $28 billion, and the ETH market share grew from 9.7% to 11.6%. For comparison, the share of Bitcoin decreased from 64% to 60%.
The options market is also signaling bullish sentiment: more and more investors are betting on ETH growth by September and December, buying call options with these expiration dates.
At the same time, large players are also actively showing interest in Ethereum. QCP Asia specialists noted that public companies continue to increase their ETH reserves. Thus, on July 18, SharpLink Gaming, whose shares are traded on Nasdaq, acquired 18,712 ETH through Galaxy Digital and another 14,180 ETH through Coinbase Prime. According to Strategic ETH Reserve, this fund is the second-largest Ethereum holder.
On the same day, Bit Digital announced an increase in its reserve to 120,306 ETH by placing shares worth $67.3 million and using the proceeds to purchase almost 20,000 ETH. In addition, The Ether Machine, Inc. announced its listing on Nasdaq and raised $1.5 billion to provide investors with access to the altcoin's profitability.
In addition, for the tenth anniversary of the launch of the Ethereum network, the developers are preparing a special NFT in the form of a torch. It will be passed from one community member to another within 10 days before the anniversary date - July 30. After that, anyone will be able to create their own token. The first owner of the commemorative NFT was Joseph Lubin, one of the founders of Ethereum. In addition, communities in different countries are preparing offline events for the anniversary.
It is worth recalling that in July the development team also outlined the dates for the next hard fork called Fusaka, which will be the next step in the development of the network.
