“Ethereum’s narrative is finally resonating with traditional finance,” said Nate Geraci, President of NovaDius Wealth Management, in a post on X. “While Bitcoin is easy to brand as ‘digital gold,’ Ethereum takes more time to understand. But now, investors see it as the foundation of the future financial system.”

In addition to ETFs, major corporations are increasingly adding ETH to their balance sheets. Data from The Block reveals corporate holdings are nearing $10 billion in value, with BitMine leading the charge — holding approximately 1.15 million ETH worth $5 billion.