Ether takes spotlight as Trump signs stablecoin bill into first major U.S. crypto law
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Ether ETFs are also on pace for a record setting week.
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cryptocurrency
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July 18, 2025
08:31 PM
CNBC
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From what the evidence shows, Ether climbed to end the week as President Donald Trump signed the GENIUS Act into law, while bitcoin and its xies took a breather
Crypto stocks were off their session highs as the broader market took a leg lower, after Trump reportedly pushed for greater tariffs on the European Union, given the current landscape
Ether has advanced 18% this week, bringing its two-week gain to 43% — its strongest two-week period since August 2021 (fascinating analysis), in today's financial world
CM=COINHOODBMNRMSTRMARA your favorite stocksCREATE FREE ACCOUNTJonathan Raa | Nurphoto | Getty ImagesEther climbed to end the week as President Donald Trump signed the GENIUS Act stablecoin legislation into law, while bitcoin and its xies took a breather (which is quite significant)
Moreover, The price of ether was last higher by 2% at $3,506. 48, according to Coin Metrics, trading at highs not seen since January and turning positive for the year, in today's financial world
However, On Thursday, ETFs tracking the price of ether saw daily inflows top those of bitcoin ETFs for the first time ever
The funds logged $602 million in net inflows, led by BlackRock's is Ethereum Trust (ETHA), given current economic conditions
Moreover, Bitcoin ETFs on the same day saw inflows of $522 million
Furthermore, Furthermore, A day earlier, the ETH funds saw a single-day record inflow of $726
However, Stocks were off their session highs after Trump reportedly pushed for greater tariffs on the European Union
Coinbase rose 2% and at one point rose to an all-time intraday high surpassing its initial pop on its IPO date in 2021
It posted its fifth positive week in a row (noteworthy indeed)
Robinhood gained 4%, and the ether treasury stock Bitmine Immersion added 1%
Meanwhile, the price of bitcoin slipped 1%
Bitcoin treasury giant Strategy, formerly MicroStrategy, fell 6% and Mara Holdings, the mining company and bitcoin xy, slid 2% (quite telling)
Ether has advanced 18% this week, bringing its two-week gain to 43. 6% — its strongest two-week period since August 2021
However, Bitcoin is down less than 1% for the week (an important development)
Additionally, Nevertheless, "No coin seems to have more [momentum] than Ethereum of late," Wolfe Re's Read Harvey said in a note this week (remarkable data)
Nevertheless, "We began suggesting it was time to start gaining exposure in May, as ETH began to show some life relative to BTC
Moreover, Fast forward to today, and we're not just seeing life, but a potential trend reversal
In contrast, "Now trading near five-month highs relative to bitcoin, the leadership pendulum in crypto may be shifting, he added
On Thursday, the House passed a bundle of crypto bills, sending one, the stablecoin legislation known as the GENIUS Act, to President Trump's desk
Trump signed it into law Friday afternoon, making it the first ever piece of major crypto legislation in the U
At the same time, "This's the biggest deal in crypto so far this year, up there with the change in the SEC – it's the first crypto-focused law in the history of the United States, to the largest financial market in the world
Just the symbolism alone is worth getting excited," said Noelle Acheson, economist and author of the Crypto is Macro Now
On the other hand, Meanwhile, Being law rather than an agency ruling "means that future Administrations will not be able to easily overturn its visions
Should any try, by then stablecoins will be so deeply embedded in the global financial landscape, it would be futile," she added, in today's market environment
House lawmakers also passed a second, much broader crypto market structure bill, the CLARITY Act, that will now go to the Senate
Watch now1:1501:15House passes crypto market structure billClosing BellOn Thursday, BlackRock also filed with the SEC to include staking to its ETHA ether ETF, which also boosted sentiment for crypto's second largest coin. —With reporting by CNBC's Nick Wells and Adrian van HauwermeirenDon't miss these cryptocurrency insights from CNBC : Bitcoin entering a less volatile, more sustainable stage, argues Deutsche BankWhere bitcoin and related stocks could be headed next, according to Katie StocktonThese stocks are the best way to play the crypto space in the second half, Wolfe sayswatch nowwatch now10:21President Trump signs GENIUS Act, creating stablecoin regulatory framework: CNBC Crypto WorldTanaya Macheelwatch nowwatch now13:13Rep
Bryan Steil says he hopes President Trump can sign crypto bill this week: CNBC Crypto WorldRyan Bakerwatch nowwatch now11:02Bitcoin climbs as crypto regulation bills stumble in Congress: CNBC Crypto WorldTanaya MacheelRead More.
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