Ethereum is gaining attention among institutional investors due to its real-world utility, rising ETF inflows, and growing role in tokenized finance.
Bit Digital Goes All-In on ETH
Bit Digital has shifted its strategy from Bitcoin to Ethereum after raising $172 million in equity. The company has now accumulated over 100,000 ETH, making it one of the largest Ethereum-holding corporations. The CEO noted in an interview with CNBC that 'Ethereum is the next wave', emphasizing its economic activity and potential to capture value.
Ethereum Takes the Center Stage at Cannes
Ethereum was in the spotlight during the Ethereum Community Conference (EthCC) at Cannes, showcasing how it is becoming the backbone of modern finance. Recently, Robinhood launched tokenized U.S. stocks on Ethereum's Arbitrum network for European users, indicating rising support for Ethereum from major players.
Trad-Fi Giants Choosing Ethereum
Deutsche Bank is developing a tokenization platform on zkSync, an Ethereum Layer 2, for asset managers to issue tokenized funds and stablecoins. Coinbase and Kraken are preparing to offer tokenized stock trading. BlackRock's BUIDL fund is already live on Ethereum, providing real-time yields. Ethereum maintains its status as the backbone of tokenized finance, accounting for about 65% of USDC transactions.
Therefore, institutional interest in Ethereum is on the rise, driven by its unique capabilities and growing support from major financial institutions.
