Ethereum Is Just Getting Started: It Can Rise Up to 10 Times and Reach 10%! - Coin Bulletin

Institutional investors’ interest in Ethereum is rapidly increasing. According to a report published by Geoffrey Kendrick, Director of Digital Assets Research at Standard Chartered, companies have purchased 1.26 million ETH in the last two months, equivalent to 1% of the circulating Ethereum. This figure approaches a new record, nearing the total acquisition of 2 million ETH for Ethereum ETFs during the same period.

According to the report, the interest of companies investing in Ethereum is still at an initial level, and these investments are expected to increase 10 times in a short period. Thus, institutional Ethereum holdings could reach 10% of the total circulating Ethereum. In comparison, companies investing in Bitcoin hold only 4.4% of the total Bitcoin supply (BTC).

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The Advantage of Ethereum Over Bitcoin

It is stated that Ethereum is more advantageous for institutional investors compared to Bitcoin. The main reason for this is that Ethereum can provide an annual return of approximately 3% through staking and offers access to decentralized finance (DeFi) products. Due to the inability of US-based ETFs to access such gains, investors prefer to invest in Ethereum through publicly traded companies.

The leading company in Ethereum investments is BitMine. The company’s goal is to buy 5% of the circulating Ethereum alone, which is approximately 6 million ETH. Besides BitMine, companies like SharpLink Gaming, BTCS, and GameSquare Holdings are also standing out with significant Ethereum purchases.

Ethereum has recently performed better compared to Bitcoin. The ETH/BTC ratio has been on the rise since April and Ethereum is currently trading at around 3 thousand 850 dollars. According to Kendrick, if this investment flow continues, the price of Ethereum could exceed 4 thousand dollars by the end of the year.