"Fortunately for decentralised blockchain and development platform Ethereum, it is very much in the "make" column as traditional finance starts to gravitate towards cryptocurrency platforms. Recent purchases of Ethereum exchange-traded funds (ETFs) by some of the world's biggest asset managers have made others in the TradFi space stand up and take notice. The net result is positively reflected in the Ethereum to USD price."
"BlackRock, Fidelity and Grayscale, among the elite of US-based asset managers, have together bought $140 million worth of Ethereum in recent times. What makes this significant is that they did so when there was a lot of uncertainty both in the crypto and broader macroeconomic environments. The advent of crypto ETFs have done a lot to instil confidence among traditional finance institutions. For a long time, these entities stayed away because direct token custody was deemed too risky."
Institutional interest in exchange-traded funds has materially supported Ethereum demand and price performance. Major asset managers such as BlackRock, Fidelity and Grayscale have bought significant amounts of Ethereum even amid macroeconomic and crypto uncertainty. ETFs provide a regulated, familiar vehicle that removes the need for direct token custody, private keys and wallets. The ETF structure has helped instil confidence among traditional finance institutions that previously avoided direct token exposure. Ethereum-focused ETFs attracted substantial inflows, at times outpacing equivalent Bitcoin funds, highlighting growing institutional appetite and the diversification appeal of ETH products.
Read at London Business News | Londonlovesbusiness.com
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