Bernstein’s Praise for Ethereum’s Unique Role
On the 9th, the prestigious Wall Street investment bank Bernstein released a research report, praising Ethereum’s blockchain for its unique selling point as a decentralized computer, calling it a “beloved” practical technology.
(Background: Ethereum spot ETF has seen a net inflow for 15 consecutive days; in contrast, Bitcoin ETF has seen outflows exceeding $1 billion during the same period.)
(Further context: Long article on where ETH’s value comes from? A comprehensive analysis of Ethereum from asset logic to business strategy.)
Strong Potential in Stablecoins and Tokenization
The report highlights Ethereum’s strong potential in applications such as stablecoins and tokenization, attracting the attention of institutional investors, which in turn has driven significant growth in the inflow of funds into Ethereum exchange-traded funds (ETFs).
Ethereum Spot ETF Sees $815 Million Inflow Over 20 Days
Bernstein noted that in the past 20 days, the inflow into Ethereum ETFs reached $815 million, turning the net inflow for the year to date into a positive value of $658 million. Bernstein emphasized that as institutional investors gradually recognize the value proposition of the Ethereum network, the trend of funds flowing into Ethereum ETFs is accelerating. The analyst team led by Gautam Chhugani stated in the report:
- Companies utilizing stablecoin technology are paying transaction fees in Ethereum blockchain. The interesting blockchain use cases such as stablecoins and tokenization are native characteristics of Ethereum, which enjoys “the largest market share” in these areas.
- The discussion on the accumulation of Ethereum’s value is at a critical turning point, which has begun to reflect in investors’ strong interest in Ethereum ETFs.
ETH Reaches $2,700
As for the currency price, ETH reached a high of $2,727 before 9 AM today (10th), rising over 9% in the past 24 hours. Since May, ETH has repeatedly failed to break through the current price level; whether it can overcome this key resistance level this time is worth investors’ close attention.
Related Reports
- Is Ethereum about to take off? Four factors that could act as price drivers.
- Vitalik mentions “Ethereum’s one-year leap plan”: After L1 scaling, throughput will increase tenfold.
- Vitalik comments on the collapse of the Nordic “cashless society”: Ethereum can serve as a digital backup.