Bernstein analysts believe that Ethereum is at a critical turning point, as the crypto industry moves from speculation to true financial innovation. While Bitcoin ETFs have been hugely successful in the U.S., with assets under management exceeding $120 billion, Ethereum ETFs are relatively small at just $9 billion. Analyst Gautam Chhugani pointed out that the value of Ethereum lies in its position as a decentralized computer, supporting key applications such as stablecoins and asset tokenization. In the past 20 days, the Ethereum ETF inflows reached $815 million, and the year-to-date net inflows turned positive, reaching $658 million.
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