based on materials from the site - By Coindoo.com
Recent data on fund movements shows that BlackRock is now investing more capital in ETH than in Bitcoin, indicating a shift in Wall Street's interest in cryptocurrencies.
Arkham Intelligence reported that BlackRock increased its investments in Ethereum by more than $547 million, exceeding investments in Bitcoin by $497 million in a single trading day. Considering the market capitalization, this positions Ethereum at the forefront of the company's asset acquisition strategy.
This turn comes amid growing optimism regarding Ethereum staking opportunities. BlackRock recently allowed staking in its iShares Ethereum ETF, which may provide institutional investors with passive income not available from Bitcoin investments. Nasdaq supports this change by offering ETF rule updates that will allow participation in staking.
The attractiveness of Ethereum is also bolstered by price dynamics. The asset recently surpassed $3600, showing double-digit gains over the past week and month. Accumulation of ETH by whales is gaining momentum, and other public companies, such as Bitmine Technologies and SharpLink Gaming, have also joined the ETH accumulation trend.
What started as a retail-focused ecosystem may now turn into a new institutional frontier—with Ethereum at the center.
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