Dear friends, I am Qing Yao. Today, I will break down a significant news item for you in plain language: BlackRock's Ethereum ETF fund has now accumulated over 3.54 million ETH, worth over 15 billion dollars! Even more astonishing, this asset has skyrocketed by 50% in the past month — remember, it just broke 10 billion dollars on July 23.

My opinion is clear: this is not just simple market volatility, but rather traditional financial giants voting with real money, confirming Ethereum's long-term value. Institutions like BlackRock are not 'speculating on coins', but are systematically building positions — just like laying a foundation before constructing a building, they are laying the groundwork for digital asset allocation for decades to come. For example, this is similar to when Apple was first included in the Dow Jones index: initially, many thought, 'it’s just a company selling phones', but later it became the king of global market capitalization. Ethereum is now being pushed towards the mainstream by the same 'traditional capital giants'.

️ But be cautious: a large institutional entry does not mean there won’t be short-term fluctuations. After all, BlackRock is buying ETFs, not directly trading coins; their approach is more long-term, and retail investors who blindly chase high prices may easily get shaken out. What is truly worth pondering is — why are these giants willing to continue increasing their positions at this level? The underlying logic is actually the certainty brought by the implementation of blockchain technology and the Ethereum 2.0 upgrade.

If you think this is just a celebration for Ethereum, you are mistaken. Who will be the next target for institutions? Will it be new public chains like SOL and AVAX, or RWA and DeFi tokens? Let me know your thoughts in the comments, follow Qing Yao, and let’s navigate through the fog together! #ETH创历史新高