ETF Store President: Since the beginning of this year, ETFs and treasury companies have purchased ETH worth $19 billion

According to a report by Golden Finance, Nate Geraci, President of The ETF Store, stated on X platform that ETFs (exchange traded funds) and treasury companies have purchased Ethereum worth $19 billion since the beginning of this year. ETF purchased $7 billion, and the company purchased $12 billion. As banks, fintech companies, and businesses begin to accept stablecoins, many of which will be settled on open-source blockchains like Ethereum, the dominance of Bitcoin has begun to significantly decline