Bernstein: "Outlook remains positive for sustained Ethereum demand"

Analysis indicates that investment demand for Ethereum (ETH) is expected to continue.

According to The Block on the 21st (local time), Bernstein released a report stating, "As interest in stablecoins and real-world assets (RWA) grows, Ethereum will continue to see sustained investment demand." The report further projected, "The proportion of Ethereum held in institutional portfolios will gradually increase," and "Banks and fintech companies will acquire operational Ethereum for gas fee payments."

The report particularly explained that Ethereum will significantly benefit from the stablecoin legislation. It noted, "Under the U.S. stablecoin regulation law, GIANCOS, which was passed last week, stablecoins have become legal digital cash," and stated, "Ethereum, which holds a dominant position in stablecoin infrastructure, is set to benefit."

Additionally, the report analyzed that the recent rise in Ethereum is associated with an increase in Ethereum treasury companies. It explained, "Ethereum's upward trend is based on the emergence of Ethereum-based treasury companies," and added, "There has also been positive inflow into Ethereum spot ETFs." The report further mentioned, "The rising demand for staking yields has also supported the upward trend."