Presto Research Director: Ethereum is Ready to Win Wall Street's Recognition

ChainCatcher news, as the price of Ethereum (ETH) rises to its highest level in nearly four years, the U.S. Ethereum spot ETF has set a record for the largest single-day inflow of funds. Data shows that on Monday, the Ethereum spot ETFs attracted over $1 billion in inflows, and since the beginning of this year, the total inflow for these 9 funds has exceeded $8.2 billion.

These ETH-focused "treasury companies" have become an important force driving the rise of Ethereum. These publicly listed companies continue to increase their digital asset reserves. According to data from Strategic EthReserve.xyz, the so-called "digital asset treasury companies" have cumulatively absorbed over $15 billion worth of ETH.

Peter, the research director at the quantitative trading firm Presto, pointed out: "The recent stablecoin legislation and the comments from the chairman of the U.S. Securities and Exchange Commission regarding cryptocurrencies indicate that the Ethereum blockchain is ready to gain recognition from Wall Street."