Ethereum has achieved a significant market capitalization milestone, reaching $519.27 billion. This valuation now places it above established financial giant Mastercard and entertainment leader Netflix.
The surge is attributed to substantial institutional investment flows, particularly capital entering newly available Ethereum-based Exchange-Traded Funds (ETFs). This influx reflects a broadening institutional embrace of the digital asset and a shift within broader investment markets.
Ethereum traded around $4,299.08 as its valuation scaled new heights. This breakthrough underscores Ethereum’s expanding role and influence as a major asset class recognized by traditional finance institutions.