President of The ETF Store: ETFs and treasury companies have purchased $19 billion worth of ETH so far this year
Nate Geraci, president of The ETF Store, stated on X platform that ETFs (exchange-traded funds) and treasury companies have purchased $19 billion worth of Ethereum so far this year. ETFs purchased $7 billion, while companies purchased $12 billion.
"As banks, fintech companies, and enterprises begin to accept stablecoins, many of these stablecoins will settle on open-source blockchains like Ethereum. The dominance of Bitcoin has started to significantly decline."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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