Ether Spot’s contributed funds (ETF) have seen constant growth since their debut in the United States in July 2024, while corporate treasure bonds linked to the token are also increasing.
Enther funds (ETH) rose 44% this month, increasing from $ 9.5 billion on August 1 to $ 13.7 billion on August 28, according to the Sosovalue cryptocurrency research platform. Market participants say that renewed institutional demand is feeding the impulse.
“After a prolonged period of low performance in relation to Bitcoin and a feeling of agrio investors, Ethereum has recently experienced a significant rebirth in recognition of its adoption rate and value proposal,” said Sygnum’s investment director Fabian Dori, Cointelegraph.
Behind the appetite of investors is a growing number of companies that adopt the corporate treasure bonds based on ETH. While Bitcoin (BTC) is the cryptocurrency most associated with treasure companies, Ether Treasury bonds among corporations are gaining strength.
According For strategies, companies now have 4.4 million ETH or 3.7% of the offer, with a value of $ 19.18 billion in this letter.
“A strong driver for that is regulation, such as the Genius Law that provides traditional investors for the comfort of building infrastructure and use cases in this new technology,” said Dori.
With the support of the demand of investors through corporate treasures and ETF, the price of Ether earned almost 27% in August, to $ 4,316 on Friday, from approximately $ 3,406 on August 1, according to Cointelegraph Markets Pro.
“Treasury companies are a massive buyer,” Standard Chartered, Geoffrey Kendrick, told Cointelegraph. “They will not be sold. So, yes, the impact will stay,”
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Ethereum roadmap that enters ‘critical turning point’
Industry observers are optimistic about Ethereum’s prospects, but they say that the next months will be critical for the network ecosystem. “The Ethereum road map is entering a critical turning point,” said a Bitfinex analysts to Cointelegraph.
“The next updates are configured to significantly improve the efficiency of the intelligent contract and the usability of the validator that advance Ethereum’s competitiveness as a layer of institutional settlement,” they said, and added:
“Meanwhile, restructuring through Eigenlayer and the growth of the rolled activity of L2 are generating real protocol income and attracting the care of the developer to the ecosystem.”
Ethereum constantly advances its update cadence, with key milestones towards the scalability and long -term global utility.
The sicking update in May extended the validator limits and introduced the abstraction of the account, with the hard fork Fusaka established for November 5, which will implement peerdas to relieve the workloads of nodes and improve the availability of data.
Meanwhile, Ethereum’s income has not yet reached impulse. In the last 30 days, the network generated $ 41.9 million in tariff income, a fraction of the $ 433.9 million during the same period.
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