The only thing they have added is confusion and behavorial conditioning. I see no benefits of the "new" way.
A whole lot of people in this thread have never watched a normal person use a smartphone in a UX study.
None of this UX design is perfect or totally settled, especially since it's only been 10 years since it's been mainstream.
Exactly, and other than web pages (before this UX change), virtually every other well-defined piece of content that is likely to be shared had a prominent, distinct, easy-access share button on mobile (the separate copy to clipboard button added for URLs is not a common affordance; in most cases that functionality is one of many options accessed through the sharing function. OTOH, for URLs and certain other shared content, copying-and-paste is a particularly common sharing method, so promoting it to a first-class option further streamlines a common use case. ) This change actually better aligns the browser with every other way of interacting with shareable content on mobile rather than violating mobile UX expectations.
I click the url bar in Chrome, then the whole url shows up selected. Then I long-press to copy the url, but no! It auto-selects only a single word in the url and brings up the option to copy just that single word. Stupid.
Yes I know that I can click on the lock icon and then on the url, and that's what I usually end up doing, but that is also stupid.
Edit: sometimes it seems to bring the original url down in a dropdown with share/copy/edit buttons, but that doesn't seem to happen all the time. I haven't worked out why the dropdown often doesn't activate.
Probably because URL copy or share (the two icons besides edit than the new UI provides) are more common interactions than URL editing, and are (without a keyboard and with a traditional text edit control for the URL bar) higher friction; this streamlines the common usecases at the cost of adding an extra tap for URL editing.