Ethereum Surpasses Vanguard Group in Global Market Cap

Ethereum’s market cap reached approximately $458.89 billion, surpassing Vanguard Group’s $455.42 billion valuation. This milestone places Ethereum as the 28th largest global asset according to 8marketcap data.

This achievement underscores Ethereum’s growing presence in global assets, accentuated by capital inflows from newly launched U.S. Ether ETFs, registering over $1 billion in trading volume on their first day.

Ethereum Climbs to 28th Spot in Global Asset Rankings

Key influences include Ether ETFs, driving inflows and the market’s bullish sentiment. Despite this major market development, neither Vitalik Buterin nor the Ethereum Foundation has commented publicly.

The surpassing of Ethereum over a major asset manager like Vanguard indicates strong investor confidence. The rise is propelled by a significant influx of capital into Ethereum, notably influenced by the introduction of Ether ETFs in the U.S. Analysts point to breaking technical resistance and expressed optimism with price targets now aimed at $3,800–$4,000.

Industry voices on X/Twitter highlight Ethereum’s rally, but direct reactions from Ethereum’s leadership remain absent. Regulatory bodies remain silent following previously set guidelines for U.S.-based Ether ETFs. Ethereum’s elevation sparked community optimism, as seen in bullish discussions across multiple communities.

Historical Context, Price Data, and Expert Insights

Did you know? Ethereum’s current market cap mirrors its prior 2021 ascent when it briefly joined the top 30 global assets. This repetition demonstrates consistent investor confidence amid robust ETF-driven liquidity.

Ethereum (ETH) is currently priced at $3,795.59 with a market cap of $458.17 billion according to CoinMarketCap. It holds an 11.60% market dominance and has shown significant price growth over 90 days at 140.77%. Trading volume has surged by 61.26% in the past 24 hours.

The Coincu research team notes Ethereum’s strategic climb might prompt further financial innovation tied to blockchain advancements. Anticipating potential regulatory shifts, experts foresee continued upward momentum, driven by institutional adoption and fortified network scalability.