Can Ethereum Repeat Amazon's Path to Supremacy?
Analysts at 21Shares have drawn parallels between Ethereum's current position and that of Amazon in the early 1990s, suggesting that many Wall Street investors are still underestimating Ethereum's potential.
Since going public in July, the #Ethereum Exchange Traded Fund (ETF) has not reached the same level of investment as the #Bitcoin #ETF . Analyst Lina El-Deeb believes that significant inflows into the ETH ETF will only occur when investors realize its potential, and emphasizes that the complexity of Ethereum is similar to Amazon in its early stages of development.
While Amazon has evolved from an online bookstore to a global e-commerce leader, Ethereum, created in 2015, is now the foundation for decentralized financial applications worth more than $140 billion Federico Brocate of 21Shares, noted that while Ethereum's $320 billion market value is a fraction of Amazon's $2 trillion valuation, it benefits from a large community of more than 200,000 active developers, as opposed to Amazon's 7,600 employees in the 1990s.
Despite competition from platforms like Solana, Ethereum continues to dominate decentralized exchange and lending markets. Large companies such as BlackRock and UBS have already tokenized significant amounts on the Ethereum network. However, Brokat noted that many investors are hesitant to participate in Ethereum ETFs until they better understand Ethereum's potential.
Ether ETF inflows in the first 90 days amounted to just 9% of Bitcoin inflows. Katalin Tischhauser of Signum Bank believes that the situation will improve over time as investor awareness grows. Meanwhile, 21Shares was one of eight U. S. issuers of spot Ether ETFs to record net inflows of $ 21.9 million.
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