According to PANews, analysts from Wall Street brokerage Bernstein indicate that Ethereum is receiving strong attention from institutional investors. It is expected that asset management companies like BlackRock will drive the allocation of ETH in institutional portfolios. At the same time, banks and fintech companies will also purchase ETH for transaction fee payments.
Last week, the net inflow of spot Ethereum ETFs reached a historic high of $727 million in a single day. Analysts believe this surge is more a reflection of the blockchain financial services cycle rather than the traditional cryptocurrency bull-bear cycle.
