In late July 2025, Ethereum ETFs in the U.S. experienced record inflows while Circle Internet Group Inc. applied for a bank charter, impacting the digital financial landscape.
Record Influx of Funds into Ethereum ETFs
The SEC's approval of spot Ethereum ETFs led to a record influx of $4.39 billion in July, highlighting significant institutional backing. The financial sector's confidence in Ethereum is bolstered by regulatory support.
Ethereum Price Surge Amid Institutional Support
Ethereum's current price stands at $3,811.80 with a market cap of $460,125,795,940.00, representing a dominance of 11.79%. Recent changes show a price increase of 56.53% over 30 days, according to CoinMarketCap data.
Circle's Plans for a Bank Charter
Circle has applied for a bank charter, with CEO Jeremy Allaire emphasizing the importance of regulatory advancements for stablecoin oversight. "We are excited to take this step toward becoming a federally regulated digital currency institution," said Allaire.
These developments underscore the significance of institutional support and regulatory clarity for the future of Ethereum and digital currencies.
