Confidence in Ethereum is Growing!
A move has been made that could shift the balance in the cryptocurrency market. According to the latest blockchain transfer data, BlackRock has made significant BTC withdrawals and ETH purchases.
A transfer of 27,200 ETH was made through Coinbase Prime.
The transfers were directed straight to BlackRock's ETHA ETF wallets.
Approximate value: $69 million.
This move signals that Ethereum could secure a larger share in institutional portfolios in the coming period. Increased institutional interest following the approval of the spot ETH ETF may be one of the main reasons behind this move.
