Recent legislative changes in the US and the actions of major financial players are contributing to the rising interest in Ethereum.
Attracting Institutional Funds
Analysts point to increasing Ethereum allocations from major asset managers like BlackRock. Banks and fintech firms are also beginning to use ETH to cover network fees, contributing to its growth.
Significance of the GENIUS Act
The passing of the GENIUS Act, which officially recognized stablecoins as legal tender in the US, is seen as a major catalyst for the adoption of Ethereum and stablecoins overall.
Future of Ethereum in Institutional Portfolios
With rising inflows into spot ETH ETFs and increased demand for staking yields, analysts suggest that Ethereum will remain a central asset in institutional portfolios, particularly with the growing interest in tokenized finance.
Given the legislative changes and the surge in institutional investments, the interest in Ethereum is likely to grow, influencing its prices and market potential.
