Ethereum ETF issuers such as BlackRock, Grayscale, and Fidelity have collectively purchased $1.53 billion in ETH over the past four days, with BlackRock buying $550 million worth of ETH in the past five days. Ethereum price has rebounded to $4,571, posting a 6% weekly gain after bouncing from $4,216 earlier in the week. Institutional whales and corporate giants are also accumulating ETH.
Ethereum ETF issuers, including BlackRock, Grayscale, and Fidelity, have collectively purchased $1.53 billion in ETH over the past four days, with BlackRock buying $550 million worth of ETH in the past five days. This surge in institutional investment is a significant indicator of the growing interest in Ethereum as a long-term asset.
Ethereum's price has rebounded to $4,571, posting a 6% weekly gain after bouncing from $4,216 earlier in the week. This recovery is a testament to the resilience and potential of Ethereum in the cryptocurrency market.
Institutional whales and corporate giants are also actively accumulating ETH. Bitmine Technologies, for instance, has purchased nearly 200,000 ETH over the past week, signaling a structural shift from retail-driven markets to institutional investment. Additionally, the recently enacted Genius Act has provided regulatory clarity, boosting investor confidence in Ethereum's long-term growth trajectory.
Several factors are contributing to Ethereum's rally, including the influx of institutional capital, favorable regulations, and growing corporate adoption. These developments have made Ethereum an attractive option for long-term institutional portfolios, with annual yields of 3-4% through staking.
Ethereum's market share has been steadily increasing, rising from 7% to 14%, with the potential to return to its previous peak of 22% or higher. This growth is indicative of Ethereum's potential as a strategic asset for corporations and investors alike.
References:
[1] https://www.coinspeaker.com/blackrock-leads-450-million-ethereum-etf-inflows/
[2] https://coinpedia.org/price-analysis/spot-eth-etfs-records-455m-inflows-ethereum-price-up-2-today/
[3] https://www.bangkokpost.com/business/investment/3092468/merkle-ethereum-hits-new-record-with-room-to-rise-further
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