iShares Ethereum Trust ETF is trading 9.2% higher today as it tracks a strong rebound in Ethereum prices alongside a broad, global risk-on move triggered by geopolitical developments.
- The ceasefire and reopening of the Strait of Hormuz have driven oil prices lower and eased inflation fears, boosting expectations for steady Fed policy.
- The shift in sentiment has lifted growth and crypto-related assets, with Ethereum up about 3% and U.S. equities trading broadly higher.