BlockBeats News, June 9th, Bernstein stated in a research report on Monday that Ethereum's blockchain's unique selling point lies in its role as a decentralized computer. As institutional investors increasingly recognize the value of this network, inflows into Ethereum ETFs are rising.
The report stated that Ethereum's blockchain is "loved" because it is a useful technology, while acknowledging that its larger peer Bitcoin has benefited from being seen as a store of value or digital gold. The analyst team led by Gautam Chhugani wrote that interesting blockchain use cases such as stablecoins and tokenization are native applications of Ethereum, and the network enjoys the "largest market share" in these areas.
The report pointed out that companies using stablecoin technology are paying transaction fees on the Ethereum blockchain. Bernstein stated that in the past 20 days, Ethereum ETF inflows have reached $815 million, with annual net inflows turning positive at $658 million.
The brokerage firm stated: "The narrative around the accumulation of value on public blockchain networks is at a critical inflection point," which "is beginning to reflect in investor interest in ETH ETF inflows."
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