XRP (XRP 1.63%) remains the top-performing major cryptocurrency of 2025. Year to date, XRP is up a resounding 42%. By comparison, crypto bellwether Bitcoin (CRYPTO: BTC) is only up 22%. It’s easy to see why many investors are focused on XRP.

But don’t sleep on Ethereum (ETH 6.30%), the world’s second-largest cryptocurrency. For the year,it’s only up a modest 8%. However, over the past 30 days, Ethereum is up a head-spinning 40%.It now has the momentum that XRP had earlier in the year. So should investors shift their focus from XRP to Ethereum in the second half of 2025?

The arrival of Ethereum Treasury Companies

The catalyst that set off Ethereum’s summer rally was the sudden appearance of high-profile Ethereum Treasury Companies. Inspired by the success of bitcoin Treasury Companies, these companies are designed to do one thing: Buy as much Ethereum as they possibly can, as fast as they can.

One name that really stands out is Bitmine Immersion Technologies (BMNR 24.03%). Before June 2025, it was a sleepy little Bitcoin mining company. then it hired Fundstrat co-founder Tom Lee as its chairman, and things really took off. The company is reinventing itself as the world’s top Ethereum Treasury Company.

Given Tom Lee’s public profile, he often appears on CNBC. Increased visibility is driving interest in BMNR and, by extension, Ethereum. He’s a well-known voice in the crypto space, and his endorsement carries weight.

Bitmine isn’t alone. Several other companies are quietly accumulating Ethereum. This trend suggests a growing belief that Ethereum is undervalued and poised for meaningful growth. It’s a clear signal to the market.

What does this mean for investors?

XRP had a fantastic first half of the year,benefiting from positive legal developments. Now, the spotlight is shifting to Ethereum. The emergence of Ethereum Treasury Companies creates a new dynamic. These companies are providing consistent buying pressure, which could push the price higher.

Though, it’s critically important to remember that the crypto market is volatile. Past performance isn’t indicative of future results. Investors should do their own research and consider their risk tolerance before making any investment decisions. Don’t invest more than you can afford to lose.

The question isn’t necessarily whether Ethereum will outperform XRP,but whether Ethereum offers a compelling investment chance in its own right. Right now, the answer appears to be yes. The momentum is building, and the arrival of Ethereum Treasury Companies is a game-changer.