Interest from major institutions: Fidelity and BlackRock have expanded their Ethereum ETF (ETH) portfolios, indicating growing interest from institutional investors. This move mirrors a cycle similar to post-approval phases of Bitcoin (BTC) ETFs, showing high confidence in Ethereum’s future.
Grayscale ETFs decline: While Grayscale sees a decrease in Bitcoin and Ethereum ETF holdings, other organizations like Fidelity and BlackRock are quickly seizing this opportunity to strengthen their positions. This reflects a significant shift in how institutional investors approach and evaluate crypto assets.
Ethereum market recovery potential: Analysts predict that the increase in Ethereum ETFs could play an important role in the near-term recovery of Ethereum’s price. This aligns with long-term forecasts for Ethereum, where increased institutional support could trigger a strong recovery.