Vitalik Buterin is happy with how things are going on the Ethereum treasuries front, that is, the Wall Street firms that are investing in $ETH. A blessing that perhaps few expected but that also leaves the door open to some doubts for when the markets are not in a state of over-excitement as they are now.
Meanwhile, however, Ethereum is back above $4,000, with an afternoon sprint shortly after the opening of trading in New York, an important signal that this is a state of form that mainly concerns the alt sector and even more specifically the Ethereum ecosystem.
Ethereum: welcome back to $4,000
It was a nice interview organized by Bankless that saw the leader of Ethereum cover various topics, including the hottest one at the moment, which is the wave of Wall Street firms buying ETH.
For Vitalik, this means greater exposure opportunities for many subjects who otherwise would not have access to $ETH – and he believes this is why so many are buying shares linked to this specific sector.
With some doubts from Vitalik Buterin, who stated that he remains cautious regarding possible consequences when the markets eventually correct.
In any case, sky-high enthusiasm
Enthusiasm for Ethereum is nonetheless sky-high. After a brief setback for ETFs, it has returned to positive territory, and many reports point to $ETH as a possible protagonist of the upcoming season.
Even in less crypto-friendly latitudes, however, there is nothing but talk about Ethereum, after institutional investors had – en masse – avoided any type of contact even with ETFs for more than a year.
How long can it last? We are fundamentally in line with what Matt Hougan stated earlier: the SEC's openness to asset tokenization and more generally to a merger between old-fashioned market infrastructure and blockchain will certainly favor Ethereum, which is the most liquid and the preferred one among large funds.
The success of BUIDL
As an example, one could cite the enormous success of BUIDL, a fund that invests in short-term U.S. debt securities and has seen its NAV grow exponentially.
A product that few understood but has instead demonstrated its reason for being, also thanks to the integration made by Ethena in its USDtb.
It is just one example of what can be done in a network with certainly significant TVL that will continue to grow at important rates. The rest, including the price increase of $ETH, could come naturally.
