Ethereum is now courting significant institutional interest, with asset manager BlackRock the latest entity to signal support. BlackRock’s ETH purchases have surpassed BTC for the first time in months as institutional capital begins to rotate into the second-largest cryptocurrency.
At press time, Ethereum is surging toward the $3,000 mark, rising by nearly 6% over the last day. On the flipside, Bitcoin has gone on to set a new all-time high of $113K, unfazed by rising institutional interest in ETH.#BTCBreaksATH