#eth# According to a new analysis by the asset management company VanEck, Ethereum is becoming a serious contender for Bitcoin's dominant position as a digital store of value.

This change is mainly due to the increase of so-called digital asset vaults (DATs) and the increasingly attractive characteristics of Ethereum for institutions seeking long-term exposure to crypto assets.
Ethereum is gaining ground in corporate treasuries
While Bitcoin has long been the preferred choice for digital reserves due to its fixed supply and simplicity, Ethereum is quickly catching up. Its broader utility, as well as its key role in stablecoin ecosystems and tokenization, are attracting the attention of financial institutions and corporations. Regulatory progress in the US regarding stablecoins also enhances the strategic significance of Ethereum.
Analysts from VanEck report that several exchanges and brokerage platforms are already starting to issue tokenized stocks on Ethereum, demonstrating the expanding real-world application of the network. The built-in staking on Ethereum allows treasuries to generate passive income — something that Bitcoin cannot offer at this time.
The inflationary dynamics are now in favor of ETH
One of the most significant changes in the economic model of Ethereum occurred with the transition from proof of work (PoW) to proof of stake (PoS). According to VanEck, this transformation has led to a negative net issuance of ETH.
From October 2022 to April 2024, the supply of Ethereum has decreased from 120.6 million to 120.1 million, representing a deflationary rate of -0.25%. In comparison, the supply of Bitcoin has increased by 1.1% during the same period, making ETH more attractive to investors focused on long-term value preservation.
With staking income, flexible infrastructure, and decreasing supply, Ethereum is increasingly being seen not just as a platform for smart contracts, but as a real competitor to Bitcoin in its role as a store of value.