JUST IN: Ethereum/Bitcoin Ratio Hits 3-Month High as Senate Bill Defines "Digital Commodities."
The market is immediately repricing regulatory clarity following yesterday's conclusion of the Senate markup. While Bitcoin remains range-bound near $92,500, capital is aggressively rotating into Ethereum, driving the ETH/BTC pair up significantly.
This is the "compliance trade" in action.
Institutional desks are unwinding defensive Bitcoin positions and reallocating into assets that now have a clear legal pathway under the new framework. The uncertainty premium that held these assets back is vanish