#MarketRebound
A company listed on Nasdaq buys Ethereum for $48 million
Who?
A digital asset manager listed on Nasdaq (name not disclosed in the title), has purchased $48 million of ETH in an expansion move.
Why?
In preparation for the launch of an Ethereum-specific ETF and strong bullish expectations.
Significance:
• It solidifies institutional confidence in Ethereum, especially with the growing number of its products in the financial market.
#Ethereum #ETH #InstitutionalBuy #ETHETF #CryptoAssets