Investment capital is shifting dramatically, with giants like BlackRock and Fidelity quietly reducing their Bitcoin (BTC) positions and increasing investments in Ethereum (ETH). This is a strategic move, possibly aimed at anticipating the long-awaited approval for ETH staking.
At the same time, social sentiment is becoming vibrant, and whale activity in the market is increasing, all indicating a trend increasingly favoring Ethereum… even though some large investors are still facing losses.
A significant transformation
Institutions are implementing their investment strategies, and it's not Bitcoin that they're betting on! Just on June 2, BlackRock and Fidelity sold a total of 180 million USD in BTC, as shown in the latest ETF flow data.
So where has this capital gone? Straight into Ethereum.
Source: SoSoValue
Reports indicate that nearly 30,000 ETH — worth about 78 million USD — has been purchased by these investors.
This change is apparent: Institutional capital is ahead of a potential ETH staking approval, making a strong pivot into what is increasingly recognized as the future of digital assets.
Ethereum: The shining star in the market
According to data from Santiment, for every negative article about ETH, there are three positive articles, reflecting an excited mood in the trading community.
Source: Santiment
In contrast, the ratio for Bitcoin is only 1.3:1, indicating a more cautious outlook. This difference in sentiment signifies growing confidence in Ethereum's short-term potential, especially in the context of rumors about ETH staking approval.
As the cryptocurrency community leans towards optimism for ETH, the gap in sentiment between the two leading assets continues to widen.
Moves from smart money, even when at a loss
Even whales cannot avoid losses, but their moves still carry significant meaning.
A prominent Ethereum whale, who has accumulated over 13,478 ETH (equivalent to 49 million USD) from December 2024 to January 2025, has recently started selling ETH on Binance, transferring 10,000 ETH (24.55 million USD) just in the past two weeks.
Source: X
Despite incurring a loss of 15.66 million USD, this whale still retains 3,478 ETH; this indicates a planned move rather than a panic action. This reflects how large investors are repositioning ahead of the potential approval for ETH staking in the future.
https://tapchibitcoin.io/why-organizations-are-making-big-bets-on-eth.html
