On Wall Street, ETH is emerging as a new choice for institutional investors, surpassing Bitcoin.
Last Wednesday, $704 million flowed into the ETH ETF. On the same day, this was eight times the inflow of $86.7 million into the Bitcoin ETF. With ETH's dominance continuing for three consecutive days, the cumulative inflow has widened the gap to $2.2 billion for ETH versus $331 million for Bitcoin.
The notable point is the supply-demand imbalance. While the monthly ETH ETF inflow is equivalent to 500,000 ETH, the new supply issued by the network since the 2022 Merge upgrade is only 450,000 ETH. The institutional buying continues to exceed new supply.
Paul Atkins' pro-cryptocurrency policy at the SEC and improved regulatory environment like the GENIUS Act have also worked favorably for ETH. For ETH, which is the central axis of the DeFi ecosystem, regulatory clarity is a direct growth driver.
ETH price has risen 60% compared to last month, reaching $4,775 and approaching the 2021 high of $4,900. Standard Chartered has significantly raised its target price to $7,500 by 2025 and $25,000 by 2028.
For Korean investors, it is time to review their Bitcoin-centered portfolios. ETH's staking yield and DeFi fee revenue are additional values difficult to obtain from Bitcoin. However, profit-taking pressure due to the sharp rise and policy change risks still need to be considered.
