In July, Ethereum showed its best monthly growth in the last three years, adding 56% and approaching the $3,900 mark. This impressive price movement is accompanied by high demand for spot ETH ETFs, which in one week — from July 3 to July 9 — attracted more than $5.37 billion in investments, according to Bloomberg.
Expert Eric Balchunas noted that the growing interest in the Ethereum network distinguishes it from Bitcoin, which remains a more speculative asset. Ether, on the contrary, is increasingly viewed as a technological foundation with long-term potential. This shift in perception could have a fundamental impact on the structure of the crypto market as a whole.
Of particular importance, according to the analyst, is the possibility of legalizing staking for spot ETH-ETFs in the United States. If such a step is approved by regulators, it will open up access for institutional investors to additional income from participating in the operation of the blockchain. Such a step would be a real turning point for the industry and would increase the competitiveness of Ethereum products against the backdrop of Bitcoin ETFs.
Balchunas is confident that if staking is approved, the inflow of capital into ETH-ETFs will increase significantly, since the profitability of such funds may exceed the indicators of similar Bitcoin products. This, in turn, may become an incentive to redistribute investments in favor of Ethereum.
Also earlier, the head of digital assets at Standard Chartered, Jeffrey Kendrick, suggested that large institutional players consider ether as a strategic asset and are capable of buying up to 10% of its total supply on the market. This would confirm the status of Ethereum as one of the main instruments in the portfolios of large funds.
Against the backdrop of all this, Ether is acquiring all the features of an asset inherent in the leading shares of tech giants of the 1990s. It is becoming not just a currency or a means of payment, but an infrastructural basis for future digital solutions, experts are sure.