21Shares emphasized that few Wall Street investors understand the capabilities of the Ethereum network, and most of them have so far remained on the sidelines of investing in Ethereum ETFs.
“Ethereum is a complex platform, similar to Amazon in the 1990s, promising huge potential but less simple use cases. And just as Amazon has gone beyond shipping and reimagined entire industries, Ethereum could surprise us with revolutionary use cases,” experts say.
Ethereum appeared in 2015 as a platform that supported only basic smart contracts, and now it helps the development of decentralized financial applications with a capitalization of over $140 billion, analysts emphasized. Even though Ethereum now faces competition from Solana and other blockchains, it still dominates the decentralized exchange, lending, and stablecoin sectors.
As the market develops and Ethereum applications expand, investor sentiment will change, and the influx of funds into ETH-ETFs will increase sharply, according to experts at 21Shares.
Earlier, Santiment reported that large cryptocurrency holders were increasing their positions in ether. Experts believe that the main reason for such purchases is the expectation of an increase in the cost of ETH.
Source: Bits
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