Rating giant Weiss Ratings states that in the near future, major financial institutions will focus on the leading altcoin Ethereum. Also, Weiss Ratings believes ETH will continue to outperform Bitcoin.
Weiss Ratings believes that leading altcoin Ethereum will have a bright future! “Institutions are coming”
The second largest cryptocurrency has performed extremely well this year and is up much stronger in percentage than Bitcoin. The cryptocurrency department of global analytics agency Weiss Ratings hopes that large institutional investors and corporations will soon switch from Bitcoin to Ethereum and start adopting it.
CME Group launched Ethereum futures for financial institutions on February 8th, which was another trigger for the ETH price to grow after the launch of the ETH 2.0 zero phase in December. Weiss Ratings recalls that after the launch of ETH futures on CME, the open interest rate and daily volume saw a steady increase. Weiss Ratings hopes that financial institutions and corporations will increase their interest in ETH in the near future and are likely starting this new phase of Ethereum adoption.
Weiss Ratings: The next target of institutions and companies will be ETH
Weiss Ratings also joins the JP Morgan analisdollar series, which expects Ethereum to outperform Bitcoin. Weiss Ratings said they agreed with the banking giant on this issue, and this indicates that institutions are beginning to dig deep into ETH. Cryptocoin. As we previously reported, JPMorgan stated that Ethereum outperformed Bitcoin and expects this trend to continue. Weiss Ratings makes the following statement on the subject:
We totally agree with JPM on this. This demonstrates our belief that ETH will be the next target of corporations and companies. In retrospect, it was inevitable.
Recently, the leading altcoin Ethereum passed its new all-time high of $ 2.800. The second largest cryptocurrency has hit a new historic high of $ 2,800 for the first time. This was the third all-time high for Ethereum this week. At the time of writing, ETH changes hands at $ 2.780, according to CoinMarketCap.