**[Tom Lee: ETH Leads Q3, Tokenization and AI Could Become the Next Bull Market Engines]** Odaily Planet Daily News – Tom Lee stated that in historical crypto bull market cycles, the ETH/BTC ratio typically rises as Ethereum's usage relative to Bitcoin increases. Key catalysts for Ethereum's application growth have included the ICO boom of 2017–2018, the NFT surge of 2020–2021, and the stablecoin expansion projected for 2025. Lee believes that in the next cycle, Wall Street's tokenization of assets and deployment on blockchain, along with Agentic AI's utilization of blockchain, could further drive the ETH/BTC ratio higher. Lee mentioned that heading into the final months of 2026, the crypto market faces multiple positive catalysts, including the anticipated mid-September vote on the **CLARITY Act**, South Korean investors re-entering the crypto market and shifting from AI stocks to crypto assets, and the "four-year cycle" he expects to bottom out in the coming weeks. These factors could pave the way for large-scale institutional capital inflows in the final months of 2026. Lee also highlighted that since Q3 2026, ETH has been the best-performing macro asset, outperforming the S&P 500 Index by 5,430 basis points as of last Friday. The top three assets since June 30 have been ETH, BTC, and SOL. He believes that crypto assets' significant outperformance relative to other macro assets in Q3 so far could further attract institutions to increase their crypto asset allocations. (PRNewswire)