According to analysts, the growth of the air quotations is due to the fact that large market participants are rapidly buying up the second in capitalization of cryptocurrency. At the moment, 10 public companies are already holding the amount of ETH on their balance sheets, which is more than 2.3% of the total offer.
In addition, the industry expects the US Securities and Exchange Commission (SEC) of the Steeling Steeling Steering for ETH-ETF. This will allow companies to make a profit from blocking assets for their investors.
The regulator provided clarifications according to which liquidity tokens cannot be considered as securities, which reduced risks for institutional investors. Such a step served as another factor in the dominance of the broadcast, experts say.
“This increases efficiency, reduces costs and increases the liquidity of the market for exchange funds, and also eliminates the need to eliminate assets with large withdrawal of funds by investors,” the JPMorgan noted.
According to experts, the broadcast still retains opportunities for further growth compared to bitcoin, especially in the field of exchange products.
Earlier, the analysts of the Santiment platform said that despite the less interest from large traders in the air, the asset has a more significant growth potential than attracting the main attention of Bitcoin traders.
Source: Bits
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