ETFS funds (ETFS) witnessed a steady growth since they appeared for the first time in the United States in July 2024, while companies associated with the distinctive symbol are high.
Flow to the ether (EthThe money increased by 44 % this month, increasing from 9.5 billion dollars on August 1 to $ 13.7 billion on August 28, According to To Cryptocurrency Research Platform Sosovalue. Market participants say renewable institutional demand is getting more momentum.
“After a long period of performance, a weakness for Bitcoin and the address of the hot investor, Ethereum recently witnessed a great revival in recognition of both the adoption and value rate,” Fabian Dorie, Senior Investment Investment Office for Cointelegraph.
Behind investors are delicious, it is an increasing number of companies that adopt ETH bonds. While bitcoin (BTC) It is the most important cryptocurrency with treasury companies, where ether bonds are acquired between vapor companies.
According to To strategies, companies now have 4.4 million ETH or 3.7 % of the offer, at a value of $ 19.18 billion in this writing.
“A strong driver is a organization like a genius law, which provides traditional investors a comfort to build infrastructure and use cases of this new technology,” Derry said.
With the support of investors’ request through Corporation Treasury and ETF, ETHER gained approximately 27 % in August, to $ 4316 on Friday, from about $ 3,406 on August 1, according to Cointelegraph Markets Pro.
“Treasury companies are a huge buyer,” Jeffrey Kendrick, the international head of digital asset research in Standard, told Cointelegraph. “They will not sell. So, yes, the effect will remain,”
Related to: Ethics may be for years “with the appearance of loudspeakers to $ 10,000: Analyst
Ethereum Road Map enter “critical turning point”
Industry observers are optimistic about Ethereum prospects, but they say that the coming months will be crucial for the network ecosystem. “Ethereum road map is entering a critical turning point,” BitFinex analysts told Cointelegraph.
They said: “The upcoming promotions will greatly improve the efficiency of the smart nodes and the audited use of Ethereum’s competitiveness as an institutional settlement layer,” adding: ”
“Meanwhile, the recovery via Eignlayer and the growth of Rollup L2 activity generates real protocol revenue and attract the developer’s attention to the ecosystem.”
Ethereum steadily progresses to the upgrade rhythm, with The main landmarks Towards the expansion and global benefit in the long term.
the Petra upgrade in May Caps for resistance and account abstraction, with the appointment of Fusaka hard Fork on November 5, which will be implemented Peerdas to reduce the burden of work in the knot and improve data availability.
Meanwhile, the generation of Ethereum revenues has not yet been enrolled. In the past thirty days, the network I was born $ 41.9 million in fee revenue, which is part of Tron 433.9 million dollars during the same period.
magazine: Doll guide: ETHEREUM Road Map to 10,000 TPS using ZK Tech
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