Bernstein: Institutions Eyeing Ethereum as ETF Nears and Fees Fall
• Bernstein brokerage firm showcases bullish outlook on Ethereum amid $66M ETH purchase by whale wallet • Focus shifts from Bitcoin to Ethereum's potential for institutional adoption & SEC approval of Ethereum ETF • Analysts see 50% chance of Ethereum ETF approval by May, near certainty within a year • BlackRock CEO Larry Fink voices support for Ethereum ETF, highlighting tokenization potential • Upcoming Ethereum upgrade promises to slash transactions costs 50-90%, further boosting appeal