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Presto Research Director: Ethereum is ready to win Wall Street's recognition.
On August 12, as the second largest crypto asset ETH rose to its highest level in nearly four years, the US Ethereum spot ETF recorded the largest single-day inflow of funds. Data shows that on Monday, the Ethereum spot ETFs collectively attracted just over $1 billion in inflows. So far this year, the total inflow for these 9 funds has exceeded $8.2 billion. It has been proven that the "Treasury Company" focused on ETH is an important driving force behind the pump of this token. These listed companies are continuously expanding their digital asset reserves. According to data compiled by Strategic EthReserve.xyz, the so-called "digital asset treasury companies" have so far absorbed ETH valued at over $15 billion. Peter, head of research at quantitative trading firm Presto, stated: "Recent stablecoin legislation and the speech by the chairman of the SEC regarding cryptocurrency plans indicate that the Ethereum blockchain behind Ether is ready to win the recognition of Wall Street." (Jin10 )