Ether Surges 8%, Outpacing Bitcoin Gains Amid Staking ETF, Tokenization Optimism

• Ethereum's ether (ETH) led the crypto rally on Tuesday, surging to its highest price since mid-November and outpacing bitcoin's gains.
• The ETH/BTC ratio reached its strongest level since October, indicating rotation towards ether.
• BlackRock filing for staking ETF boosted ETH's relative strength to BTC, LMAX's Joel Kruger said.

Ethereum's ether ETH$3,303.12 surged on Tuesday to its strongest price since mid-November, leading crypto markets higher as bitcoin BTC$92,329.23 climbed above $94,000.

The second-largest cryptocurrency climbed to just shy of $3,400, rallying 8.4% over the past 24 hours. Those gains significantly outpaced bitcoin’s 4.5% advance and the broad-market benchmark CoinDesk 20 Index’s 6% climb.

The rally also drove the ETH/BTC ratio — a closely-watched gauge of ether’s relative performance to bitcoin — to its strongest level since late October, signaling rotation into ETH from the leading crypto.

Ether's rally and relative strengths against BTC is being driven by "improving regulatory expectations and renewed optimism around ETF-related inflows" with staking being added to funds on the horizon, Joel Kruger, market strategist at LMAX, said in a Tuesday note.

Asset management giant BlackRock, issuer of the most popular spot ETH ETF, filed Monday to introduce the iShares Ethereum Staking Trust, which would provide yield from staking to investors.

"The development revives optimism around ETH-focused inflows and the prospect of yield-bearing crypto products reaching a broader investor base," Kruger wrote. "While regulatory timelines remain uncertain, the headline has added more support to ETH’s relative stability versus bitcoin."

ETH could also benefit from regulatory efforts to pave way for real-world asset tokenization, a fast-growing sector focusing on bringing financial instruments like bonds, funds and real estate onto smart contract platforms like Ethereum.

Paul Atkins, chairman of the U.S. Securities and Exchange Commission, has touted tokenization a key innovation for capital markets, saying in an interview with Fox Business last week that it has the potential to change the financial system, reducing settlement risks and trade gaps.

• As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
• GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
• Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

• Bitcoin markets in Asia are stabilizing but remain structurally weak, with short-term holders dominating supply.
• U.S. ETF flows have shown signs of stabilization, but on-chain activity remains near cycle lows, indicating weak capital inflows.
• Bitcoin and Ether have seen price recoveries driven by spot demand and improved sentiment, while gold is supported by U.S. labor data and Fed rate cut expectations.

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