Ethereum is gaining popularity as a treasury asset in publicly traded companies, supplanting Bitcoin in some cases.
Stocks tied to Ethereum surged more than 25% on July 2, with BitMine and SharpLink Gaming leading the charge.
BitMine Immersion Technologies and Bit Digital have transitioned to holding Ethereum as their primary reserve, boosting their stock prices significantly.
Institutional interest in Ethereum is growing, highlighted by record ETF inflows of $40.7 million on July 1, signaling potential for Ethereum to reach new highs.