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

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