Ethereum: Три причины, почему он обходит биткойн Translation: Ethereum: Three reasons why it surpasses Bitcoin

The second-largest cryptocurrency by market capitalization continues to outpace digital gold and leading altcoins in terms of growth rates. LVRG Research Director Nick Rak identified three main factors contributing to Ethereum’s advantage over Bitcoin, as reported by The Block.

In the last 24 hours, the price of Ether increased by 1.2%, while the flagship cryptocurrency experienced a decline of 0.3%.

According to Rak, Ethereum’s lead can be attributed to record inflows into spot ETFs, a reduction in supply driven by the rising popularity of staking, and increasing demand from corporate treasuries.

In August, Ethereum-based exchange-traded funds attracted $3.8 billion, whereas Bitcoin-focused instruments lost $751 million. Meanwhile, the number of staked tokens exceeded 35.7 million, amounting to $162 billion—31% of the total cryptocurrency supply.

Presto Research analyst Min Jung confirmed that buying pressure is sustained by the activities of public companies acquiring Ethereum.

«ETH is outperforming the market again, likely due to the influx of funds driven by digital treasury initiatives. However, we remain cautious about the sustainability of this trend and the ability of firms to maintain elevated purchasing volumes in the long term,» she noted.

Previously, the trend toward creating digital treasuries sparked debates among market participants. Proponents argue that such structures enhance the visibility of the ecosystem and create long-term value, while critics point to potential conflicts of interest.

At the time of writing, the four largest holders of Ethereum among public companies—Bitmine, SharpLink Gaming, Bit Digital, and BTCS—manage approximately 2.7 million ETH valued at $12 billion.

In early September, an expert warned of risks for public treasuries holding the second-largest cryptocurrency by market capitalization. According to SharpLink co-founder Joseph Shalom, the pursuit of yield from holding Ethereum poses significant risks for companies.

It’s worth mentioning that in August, JPMorgan analysts identified four factors contributing to Ethereum’s superiority over digital gold.