Chart of the week

This weekend, both Ethereum (ETH) and Bitcoin (BTC) reached new price milestones. ETH hit its highest price of the year, while BTC inched closer to an all-time high.

This surge comes in wake of major US developments at the end of July, including the approval of the GENIUS Act and the Clarity Act and a surge in ETF inflows.

While BTC has had a more stable year, with low volatility of 27% over the past 30 days, this is a particularly significant comeback for ETH. For the first time since January, ETH is outperforming BTC, closing a nearly 40 percentage points gap from mid-April.

Market Highlights

US opens door to 401(k) crypto allocations

The Secretary of Labor will review regulations and guidance to allow 401(k) investors access to a broader range of alternative assets in the US, including digital assets.

This aims to provide everyday investors with the same opportunities as wealthier individuals, potentially fostering crypto’s adoption.

Harvard makes significant investments in BTC

The Harvard Management Company (HMC) has purchased $116.7 million of bitcoin ETF products during the second quarter of 2025.

This highlights a growing trend among institutional investors to use ETFs to gain exposure to alternative assets like Bitcoin. 

Harvard's adoption marks a major milestone for crypto, signaling its growing acceptance by large institutions.