🚨 BLOOMBERG: S&P Dow Jones says institutions are now treating Bitcoin and Ethereum as fundamentally different asset classes. “Bitcoin is more akin to gold.” “Ethereum… is a platform where other commercial businesses are built.” Bloomberg Intelligence’s Dushyant Shahrawat says the new S&P Pantera Digital Asset Index deliberately excludes Bitcoin because institutions allocate to it differently than platform networks like Ethereum. He says Ethereum is valued for the economic activity built on top of it, while Bitcoin increasingly stands alone as a store of value. The distinction between digital gold and digital infrastructure is becoming institutional consensus. $ETH
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