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Ether Defies Gravity: ETF Frenzy Cements $2,500 Floor as Wall Street Plays Catch-Up

Ether Defies Gravity: ETF Frenzy Cements $2,500 Floor as Wall Street Plays Catch-Up

Author:
Coindesk
Published:
2025-06-07 18:08:59
24
3

Ether Holds Steady Above $2,500 as ETF Demand Signals Institutional Confidence

Ethereum isn't just holding—it's flexing. The second-largest crypto locked in above $2,500 this week as ETF approvals triggered a institutional buying spree. Suddenly, the 'experts' who dismissed crypto are scrambling for exposure.

Why the surge? ETF issuers are gobbling up ETH like it's 2021 Bitcoin—only this time, the suits can't pretend blockchain is a passing fad. The real irony? These same institutions spent years lobbying against crypto... until they figured out how to monetize it.

Don't expect champagne corks popping in DeFi circles though. The old guard's embrace comes with strings attached—expect more KYC hurdles, 'investor protection' roadblocks, and the usual financial theater that makes TradFi so inefficient. Ethereum survives their involvement despite them, not because of them.

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