Bernstein: Ethereum is at a critical turning point from speculation to genuine financial innovation

Bernstein analysts believe Ethereum is at a critical turning point as the crypto industry shifts from speculation to genuine financial innovation. While Bitcoin ETFs have achieved great success in the US, with assets under management exceeding $120 billion, Ethereum ETFs are relatively smaller, at only $9 billion. Analyst Gautam Chhugani points out that Ethereum's value lies in its status as a decentralized computer, supporting key applications such as stablecoins and asset tokenization. In the past 20 days, Ethereum ETFs have seen an inflow of $815 million, with net inflows turning positive year-to-date, reaching $658 million.