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BlackRock, Fidelity, and JPMorgan invest billions in ETH, SOL, and LINK, driving an Alt Awakening trend.
ByAinvest
Tuesday, Aug 5, 2025 9:46 pm ET1min read
BlackRock, Fidelity, and JPMorgan invest billions in ETH, SOL, and LINK, driving an Alt Awakening trend.
In a significant shift in the cryptocurrency landscape, major financial institutions such as BlackRock, Fidelity, and JPMorgan have collectively invested billions in Ethereum (ETH), Solana (SOL), and Chainlink (LINK). This strategic move is driving an "Alt Awakening" trend, signaling a renewed interest in alternative cryptocurrencies beyond Bitcoin.BlackRock, one of the world's largest asset managers, has been quietly investing in ETH, SOL, and LINK. Fidelity, known for its innovative approach to investing, has also been actively acquiring these assets. Meanwhile, JPMorgan, through its Global Macro Research division, has been exploring the potential of cryptocurrencies as part of its broader strategy to diversify its portfolio and hedge against traditional financial risks.
The Alt Awakening trend is partly a response to the ongoing de-dollarization efforts led by BRICS nations, which are accelerating structural shifts in the global financial system. These changes are evident in energy markets, where traditional dollar-based pricing is being increasingly challenged. As central banks diversify away from dollars, emerging markets are increasing their gold reserves share, with gold prices forecast to reach $4,000 per ounce by mid-2026 [1].
The Alt Awakening trend also reflects a broader shift in investor sentiment towards alternative cryptocurrencies. ETH, SOL, and LINK have gained traction due to their unique features and potential applications in various industries. ETH, for instance, is the foundation for smart contracts and decentralized applications (dApps), while SOL offers high-speed transactions and low fees, making it attractive for various use cases. LINK, on the other hand, provides real-world data feeds to blockchain networks, enhancing the functionality of dApps.
The investments by BlackRock, Fidelity, and JPMorgan are a clear indication that these institutions are taking cryptocurrencies seriously. Their involvement could further legitimize the altcoin market, attracting more institutional investors and potentially driving up prices.
References:
[1] https://www.instagram.com/p/DM8OYXUuCtu/
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