Crypto Surges on Shifting Focus Away From AI

The AI downstream trade is gaining momentum, particularly in the crypto market. According to Fundstrat Direct, the story of data centers opposing the use of AI has stalled, leading to a shift in focus towards crypto. This change in direction may be attributed to Ethereum's outperformance since June 30th, with a 46% gain.

Ethereum is notable for being a low-energy network, but the bigger story is its growing adoption as Wall Street begins to tokenize assets and Agentic AI emerges as another key trend. Fundstrat Direct has analyzed crypto equities correlated to the rise in ETH and BTC.