Ethereum Blockchain’s unique selling point is its role as a decentralized computer, Wall Street broker Bernstein said in a research report on Monday.
Influx to ether
Exchange -traded funds increase when institutions become aware of the network’s value proposition, the broker said.
Blockchain “deserves love” as it is useful technology, according to the report, which acknowledges that Ether’s greater Peer Bitcoin benefits from its view as a store of value or digital gold.
“Interesting blockchain cases such as stableecoins and tokenization are native to Ethereum, analysts wrote by Gautam Chhugani, adding that the network is enjoying” maximum market share “in these areas.
Companies that use stableecoin technology pay transaction fees to Ethereum Blockchain, the report noted.
As institutions become more aware of the value associated with the network, Ether Etf flows have begun to retrieve, the report noted.
Ether Etf inflow reached $ 815 million over the past 20 days, with years to date net inflow which became positive for $ 658 million, Bernstein said.
“The narrative of value of accrual of public blockchain networks is at a critical bending point,” said the broker, and this has “begun to reflect in investor interest in ETF flow.”
Read more: ETH waves like spot-ETF flow hit the 15-day line, the dealers see $ 2,540 level
