Wall Street giants are vying to become ETH reserve asset holders, attracting market attention.

Wall Street is witnessing an intense competition, with several companies vying to become "Ethereum-based reserve asset holders." Driven by key figures in the industry, multiple publicly traded companies in the U.S., including SharpLink Gaming, Bitmine, and the newly joined The Ether Machine, are significantly increasing their holdings of ETH as part of their strategic reserve assets.

This trend has received support from important figures both inside and outside the Ethereum ecosystem. One of the co-founders of Ethereum actively advocates for this practice, and a well-known Wall Street strategy analyst has also expressed agreement. The actions of these companies indicate that they hold strong confidence in the long-term value of Ethereum.

The strategies adopted by these companies are similar to those of certain companies in the Bitcoin space, which are known for holding Bitcoin as their company reserve assets on a large scale. However, these emerging "Ethereum version reserve asset holders" choose to focus on ETH, reflecting their optimism about the future potential of the Ethereum network and its native token.

As more and more companies join this trend, the market's attention to Ethereum may further increase. This could not only affect the market performance of ETH but also have a profound impact on the entire cryptocurrency industry. Investors and analysts are closely monitoring the development of this trend to assess its potential impact on the market.