21.07.2025 06:52
Ethereum's market capitalization has recently eclipsed that of the Vanguard Group, marking a significant milestone for the cryptocurrency. This achievement propelled Ethereum into the top 30 global assets by market cap, reaching an estimated valuation of $458.89 billion, surpassing Vanguard's $455.42 billion. According to data from 8marketcap, this places Ethereum at number 28 globally.
The surge in Ethereum's value is largely attributed to the recent launch of U.S.-based Ether ETFs, which experienced over $1 billion in trading volume on their first day. This influx of capital, coupled with a generally bullish market sentiment, has driven Ethereum's remarkable climb. While analysts cite broken technical resistance levels and predict price targets between $3,800 and $4,000, neither Vitalik Buterin nor the Ethereum Foundation has yet offered public comment on this substantial market event.
This significant development highlights the growing confidence investors have in Ethereum. The fact that Ethereum, a cryptocurrency, has overtaken a major asset management firm like Vanguard underscores its increasing prominence in the global financial landscape. Online discussions on platforms like X/Twitter reflect this bullish sentiment within the Ethereum community, though official statements from Ethereum leadership remain absent.
Interestingly, this isn't the first time Ethereum has reached such heights. Its current market capitalization mirrors a similar surge observed in 2021, when it briefly entered the top 30 global assets. This repetition demonstrates sustained investor confidence, particularly bolstered by the increased liquidity provided by Ether ETFs. According to CoinMarketCap, ETH currently trades at $3,795.59, boasting an 11.60% market dominance and a remarkable 140.77% price growth over the past 90 days. The 24-hour trading volume has also seen a significant spike, increasing by 61.26%. Regulatory bodies, meanwhile, have remained silent, seemingly adhering to previously established guidelines for U.S.-based Ether ETFs.
