PANews, July 21 news, Wall Street broker Bernstein analysts stated that Ethereum is receiving strong attention from institutional investors, and it is expected that asset management companies like BlackRock will drive the allocation of ETH in institutional portfolios, while banks and fintech companies will also purchase ETH for transaction fee payments.
Last week, the single-day net inflow of spot Ethereum ETFs reached a historic high of $727 million. Analysts believe that this surge is more a reflection of the blockchain financial services cycle rather than a traditional cryptocurrency bull-bear cycle.
