Global large corporations are significantly increasing their Ethereum (ETH) purchase rate, rapidly eroding the position of Bitcoin (BTC), which has long dominated among institutional investors. Ethereum, which is celebrating its 10th anniversary, is further strengthening its market presence riding this upward trend, according to analysis.
Standard Chartered, a major British financial corporation, revealed in a report released on the 26th (local time) that corporate finance departments have purchased 1% of Ethereum's total supply since early June. This figure is interpreted as reflecting a gradual shift in corporate asset management strategy from Bitcoin to Ethereum.
According to the report, companies focusing on Ethereum investments are purchasing at twice the speed of those focusing on Bitcoin, and this movement has been one of the key reasons behind Ethereum's recent price increase. They also added that the strong performance of spot Ethereum ETFs is providing additional momentum to this demand. Standard Chartered assessed in the report that "large-scale corporate purchases and the record-high performance of spot ETFs are driving Ethereum's price increase".
If this trend continues, the existing forecast that Ethereum could exceed $4,000 by the end of the year is becoming increasingly likely to materialize. Standard Chartered offered an optimistic outlook, stating that "if corporate capital inflows continue, Ethereum could surpass its year-end target".
The institutional approach throws a powerful implication for the cryptocurrency market. Especially with Trump's pro-cryptocurrency stance coinciding with the US election, a strategic approach towards Ethereum is likely to accelerate. The expanding structural demand for Ethereum across corporations and the financial sector is evaluated as a key signal suggesting potential market landscape changes.
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