Author: Nancy, PANews
In recent days, as the price of ETH continues to rise, the Ethereum arms race has become increasingly intense, and market confidence has significantly rebounded. This wave of rebound is largely attributed to the active influx of institutional funds. However, with more institutional participants accelerating their entry, Ethereum may face a capital transformation.
Wall Street enters the game with ETFs, and the narrative of listed companies' reserves brings a new turning point.
The launch of the Ethereum spot ETF was once seen as an important milestone towards Wall Street and traditional finance, with the market generally expecting it to significantly boost the price and ecosystem of Ethereum.
However, since the launch of the Ethereum spot ETF in July 2024, the market has not seen the expected spark, with ETH price performance being weak and the ETH/BTC exchange rate continuing to decline, resulting in a significant impact on investor confidence. Meanwhile, some selling activities by the Ethereum Foundation have also sparked market controversy, although these sell-offs may be...