"Virtual assets enter stage of financial innovation…Ethereum's value is rising"

Virtual assets (cryptocurrencies) are now regarded as assets driving blockchain-based financial innovation, going beyond speculative investments. In particular, Ethereum (ETH) is analyzed to be leading this trend.

According to The Block on the 9th (local time), Bernstein stated in a report that "virtual assets are advancing into a stage of blockchain-based financial innovation" and that "the value of public blockchains like Ethereum may increase further." The report explains that Ethereum currently holds the highest market share among sectors such as stablecoins and real-world assets (RWA) that are leading the current cycle.

Institutional movements related to blockchain are also considered positive for Ethereum. The report noted that "corporates seeking blockchain-based innovation ultimately adds value to Ethereum," and that "the increase in stablecoin-based payments also boosts the value of the Ethereum network, which issues and processes them." The report added, "Ethereum can now be a network where both practicality and value accumulation exist."

Consequently, inflows into spot Ethereum exchange-traded funds (ETFs) are also increasing. According to the report, over the past 20 days, spot Ethereum ETFs have seen inflows of $815 million.

As of 8:26 p.m., according to the Binance USDT market, Ethereum is trading at $2,539, up 1.15% compared to 24 hours ago.