ETH Emerging as Money? Etherealize CEO Points to Harvard and Schwab Moves

Etherealize CEO says ETH is emerging as money as Harvard shifted $87M to ETH and Schwab launched BTC and ETH trading.

Ethereum is gaining fresh attention as a financial asset, according to Etherealize CEO Vivek Raman. He said ETH is moving closer to a money role. 

Raman linked that shift to new regulation, wider market access, and institutional interest. His comments add to a wider debate about Ethereum’s place in finance.

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Raman says ETH is entering a new stage

Raman said the crypto market story is changing. He said the focus is no longer on Bitcoin alone. Instead, he said both Bitcoin and Ethereum now lead the discussion.

He described this shift in direct terms. “The window is now opening for ETH to be money,” Raman said. He also said, “The conversation isn’t just Bitcoin anymore. It’s becoming BTC and ETH.”

According to Raman, recent policy moves helped shape that view. He pointed to GENIUS, CLARITY, and broader regulatory adoption. In his view, those changes are helping institutions consider ETH more seriously.

He said the path toward ETH being money is now moving faster. That idea places Ethereum in a broader financial role. It also suggests that ETH is being judged beyond its network use.

Institutional moves add weight to the ETH case

Raman also shared examples to support his view. He said Harvard reduced its Bitcoin position by about $85 million. He added that Harvard opened a new $87 million ETH position.

He said that ETH position came through BlackRock’s iShares Ethereum Trust. That detail matters because institutions often prefer regulated products. Such products can offer easier access and a more familiar structure.

Raman also pointed to Charles Schwab. He said Schwab manages more than $11 trillion in client assets. He added that Schwab Crypto offers trading in only BTC and ETH.

That narrow offering stands out in a crowded crypto market. Many digital assets exist, yet only two were included. As a result, Ethereum appears to be gaining a stronger place beside Bitcoin.

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Regulation and access are driving the shift

Raman said regulatory clarity is helping this trend move forward. Clearer rules can make firms more willing to launch products. They can also help large investors explain crypto exposure to clients.

At the same time, market access remains important. Exchange-traded products give institutions a simple route into crypto. Because of that, firms can gain ETH exposure without handling tokens directly.

This process may shape how Ethereum is viewed in traditional finance. When large firms choose ETH, other investors often take notice. That does not settle every debate, but it does change the conversation.

For now, Raman’s message is clear and direct. He believes ETH is entering what he called the money phase. As more institutions add access, Ethereum is being presented in a new light.