CoinWorld reported that Nate Geraci, president of The ETF Store, stated on platform X that so far this year, ETFs (exchange-traded funds) and treasury companies have purchased $19 billion worth of Ethereum. ETFs bought $7 billion, and companies purchased $12 billion. "As banks, fintech companies, and corporations begin to accept stablecoins, many of which will be settled on open-source blockchains like Ethereum, Bitcoin's dominance has begun to decline significantly."