Bernstein: Ethereum Could Become a Major Tool for Institutional Adoption

• Bernstein believes that Ethereum can become a major tool for institutional adoption.
• Analysts said that the asset may become the only one after Bitcoin on the basis of which an ETF will be created in the United States.

Ethereum may become the only asset on the basis of which an ETF will be created in the United States of America. CoinDesk reports this with reference to a Bernstein report.

Analysts believe that the likelihood of approval of a spot Ethereum ETF before May 2024 is about 50%, and the likelihood of approval of this product in the next 12 months is close to zero.

“Ethereum, with its yield dynamics, environmental friendliness and ability to be used to create new financial markets, has the potential to become a major tool for institutional adoption,” experts said.

The report notes that institutions not only want to launch spot Ethereum ETFs, but also “build more transparent and open tokenized financial markets on the Ethereum network.”

Analysts also mentioned the Dencun update, which is scheduled for March 13, 2024.

Dencun: analyzing the Ethereum update and its impact on the network

01/30/2024

20 minutes

3852

read

We previously reported that the queue of validators for launch on the Ethereum network had grown to its highest level in almost 4 months.