Ethereum ETF and Reserve Corporations Have Purchased $19 Billion Worth of ETH This Year
Suehyeon Lee
Summary
- It was reported that the total purchase by Ethereum (ETH) spot ETFs and reserve corporations has reached $19 billion this year.
- $7 billion came from spot ETFs, and $12 billion was purchased by Ethereum-focused financial firms.
- Banks, fintechs, and corporations are actively embracing stablecoins, and a significant share of payments are expected to occur on the Ethereum blockchain.
Since the beginning of this year, the total purchase volume of Ethereum (ETH) by spot ETFs and reserve corporations has reached $19 billion.
On the 9th (local time), Nate Geraci, CEO of Novadius Wealth Management, shared on X, "This year, Ethereum ETFs and reserve corporations have bought Ethereum worth $19 billion. Of this, $7 billion came from spot Ethereum ETFs, and $12 billion was bought by Ethereum-focused financial firms."
He added, "Banks, fintech companies, and corporations are actively adopting stablecoins, and a considerable number of them are expected to make payments on open-source blockchains like Ethereum," noting, "Bitcoin's dominance has started to weaken."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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