BlackRock has sold part of its position in Bitcoin ($BTC BTC) to invest in Ethereum ($BTC ETH), marking a significant strategic shift. This move suggests that the firm sees greater long-term potential in Ethereum, especially due to its technology, its use in smart contracts, and its transition to Proof of Stake. The decision could influence other institutional investors, increasing the demand for $ETH and affecting the price of BTC. This change reinforces the growing importance of Ethereum as a key asset in the crypto ecosystem.

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