“Ethereum offers a dynamic growth story,” noted Xu Han, director of Liquid Fund at HashKey Capital. He highlighted the deflationary token model after the Merge, scalability through Layer-2 solutions, and staking yield as the main factors of attractiveness.

According to SoSoValue, just over the past week, Ethereum ETFs have attracted more than $1.2 billion, offsetting August outflows. Over the last 30 days, Ethereum has gained more than 17%, while Bitcoin has dropped 5.5%. On Sunday, the second-largest cryptocurrency reached a record price of $4,945.

Han emphasized that Ethereum’s structural advantages and its role as the foundation for DeFi and tokenization continue to attract institutional capital. Although Ethereum staking ETFs have not yet been approved in the U.S., interest in spot products remains strong.

Meanwhile, Solana also stands out among altcoins, gaining 7% since mid-August. Its DEX trading volume jumped 31% to $5.1 billion, although retail trader activity in meme coins has declined.