This price performance is largely attributed to a significant influx of capital into Ethereum spot exchange-traded funds (ETFs), which recorded a staggering $1 billion in inflows in just a single day—the largest daily inflow to date.
Major banks such as Morgan Stanley, JP Morgan, Citigroup, and Bank of America are actively exploring the implementation of dollar-pegged cryptocurrencies, further validating the potential of this market.
Approximately $130 billion in stablecoins are currently secured, accounting for roughly 50% of the market share, alongside $7.2 billion in tokenized real-world assets (RWAs) and a growing number of enterprises building on the Ethereum blockchain.
SharpLink has appointed Ethereum co-founder Joseph Lubin as Chairman and holds over 360,000 ETH. BitMine has transitioned from Bitcoin mining to an Ethereum treasury model, while Bit Digital has completely shifted its focus to Ethereum, accumulating over 120,000 ETH.
Ultimately, the convergence of stablecoins, tokenization, enterprise infrastructure, and treasury demand is resulting in tangible capital flows, as evidenced by on-chain activity and public company disclosures. As Jake puts it:
What was directional interest is becoming allocation. $ETH isn’t re-rating because crypto wants it to. Wall Street balance sheets are forcing the move.
Featured image from DALL-E, chart from TradingView.com
