21Shares: Ethereum remains largely unrecognized by Wall Street investors, similar to Amazon in the 1990s

Ethereum remains largely unrecognized by Wall Street investors, similar to Amazon in the early 1990s, according to Leena ElDeeb, a research analyst at cryptocurrency exchange-traded product (ETP) investment platform 21Shares, Cointelegraph reported. She noted that substantial inflows into spot Ether ETFs will occur only when Ethereum's potential is fully understood. Currently, Ethereum's market cap of $320 billion is just 6.25% of Amazon's valuation, reflecting its complexity and early challenges. Federico Brokate, vice president at 21Shares, compared Amazon to Ethereum, which has evolved from a smart contract platform to supporting over $140 billion in decentralized finance (DeFi) applications since 2015. Despite this growth, recent inflows into spot Ether ETFs have been only 9% of those for spot Bitcoin ETFs. Analysts anticipate a positive shift in investor sentiment toward Ethereum over the next 12 months, believing that manageable revenue challenges will improve as the layer-2 scaling strategy attracts more users and stabilizes fees.