While Ethereum (ETH) made a big breakout with its rally, it is thought that institutional demand is behind this rise. While the rise in Ethereum is expected to continue at this point, a new report came from Bernstein. According to The Block, Bernstein stated that stablecoins and RWA tokenization will further increase the demand for ETH. Analysts stated that Ethereum will continue to see strong investment interest, adding, “ETH allocations will increase in institutional portfolios due to the influence of BlackRock and other asset managers. Banks and fintech companies will also purchase operational ETH to cover Ethereum transaction fees.” Bernstein analysts noted that Ethereum would particularly benefit from the GENIUS law, which was passed last week and legalized stablecoins. The GENIUS Act was signed by the US President on Friday. Stablecoins are now legal tender. Given its dominance in stablecoins, Ethereum is finally on the rise – ETH has gained about 45% in the last 2 weeks. Bernstein finally stated that the recent rise in Ethereum is directly related to the increase in Ethereum treasury companies. “Ethereum’s uptrend is based on the emergence of Ethereum-based treasury companies. There was also positive inflow into Ethereum spot ETFs, and the rising demand for staking returns also supported the uptrend.” *This is not investment advice. Continue Reading: Bernstein Reveals the Source of the Major Rally in Ethereum (ETH) and What to Expect Next!
