Ethereum’s sharp rally—up 45% in just two weeks—appears to be backed by growing institutional interest, according to a new report from Bernstein.
Analysts point to increasing ETH allocations from asset managers like BlackRock, alongside purchases from banks and fintech firms using ETH to cover network fees.
The firm highlights the passing of the GENIUS Act, which officially recognized stablecoins as legal tender in the U.S., as a major catalyst.
With Ethereum dominating the stablecoin landscape, this regulatory clarity is expected to drive even more adoption.
Bernstein also credits the emergence of Ethereum treasury firms, rising inflows into spot ETH ETFs, and increased demand for staking yields as key drivers of the ongoing uptrend.
They believe ETH will remain a central asset in institutional portfolios as tokenized finance and real-world asset adoption expand.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/eth-on-the-rise-as-treasury-firms-and-etfs-fuel-momentum/