Ethereum’s 10th Anniversary Sees Growing Institutional Interest and Potential for Increased Corporate Ether Holdings
Main Idea
Ethereum's 10th anniversary has spurred significant institutional interest in Ether, with corporate crypto treasuries exceeding $100 billion and Ether adoption outpacing Bitcoin's early treasury phase.
Key Points
1. Ethereum has grown to host nearly $85 billion in total value locked (TVL), becoming the leading DeFi blockchain.
2. Corporate crypto treasury firms hold over $100 billion in digital assets, with Ether holdings exceeding 1.3 million tokens.
3. Standard Chartered predicts corporations could own up to 10% of Ether's supply, potentially pushing prices beyond $4,000 per ETH.
4. US spot Ether ETFs have recorded 19 consecutive days of net inflows, totaling $5.3 million.
5. Bitcoin mining companies like Phoenix Group are diversifying into altcoins, with Phoenix Group holding a $150 million crypto treasury.
Description
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