Ethereum is approaching a challenge to Bitcoin's dominance with institutional support

• The value of Ethereum bonds has exceeded $17 billion, with 69 entities holding over 4 million ETH.

• Exchange-traded funds (ETFs) hold 6.36 million ETH worth $27.4 billion.

• Ethereum has risen by 5% amid expectations of short-selling deals reaching $2 billion.

• It has outperformed Bitcoin in Treasury bond trading volume, becoming the preferred choice for institutions in decentralized finance and Web3.

• Institutional momentum may drive it to record levels, but Vitalik's warnings about excessive borrowing keep the market on guard.

👉 The question now is: Has the era of Ethereum surpassing Bitcoin begun?