Bernstein: "Companies purchasing Ethereum (ETH) must consider risks such as liquidity and smart contracts"

According to cryptocurrency-focused media outlet The Block on the 28th (local time), Wall Street-based asset management firm Bernstein stated, "Although there has been active ETH (Ethereum) purchasing by companies recently, various risks such as liquidity and smart contracts should be taken into account."

Bernstein explained in a report, "During the month of July, companies purchased approximately 876,000 ETH, which accounts for about 0.9% of the total ETH supply," and continued, "While companies are utilizing these assets for staking, they must examine several factors to respond to market volatility, such as withdrawal flexibility, restaking, DeFi smart contract risk, and debt management."

In particular, they warned, "Liquidity for staked assets is generally sufficient, but it can take several days to unstake. Additional yield pursuit through restaking platforms like EigenLayer can also increase risks."

Additionally, the upside potential of ETH's price was mentioned. Bernstein analyzed, "The increase in actual usage on the Ethereum network—including ETH fee burn mechanisms, staking yields, stablecoin circulation, and tokenization of real-world assets (RWA)—can drive price appreciation."