Bernstein: The unique selling point of the Ethereum blockchain lies in its role as a decentralized computer
According to Bernstein's research report on Monday, the unique selling point of the Ethereum blockchain lies in its role as a decentralized computer. As institutional investors become increasingly aware of the network's value, the inflow of funds into Ethereum ETFs is rising.The report states that the Ethereum blockchain is "beloved" because it is a useful technology, while acknowledging that its larger peer, Bitcoin, benefits from being viewed as a store of value or digital gold. The analyst team led by Gautam Chhugani wrote that interesting blockchain use cases such as stablecoins and tokenization are native applications of Ethereum, which enjoys the "largest market share" in these areas.The report notes that companies using stablecoin technology are paying transaction fees on the Ethereum blockchain. Bernstein stated that in the past 20 days, inflows into Ethereum ETFs reached $815 million, with annual net inflows turning positive at $658 million.The brokerage firm stated, "The narrative around the value accumulation of public blockchain networks is at a critical turning point," which "is beginning to reflect in investor interest in ETH ETF inflows."