Recent findings by Arkham Intelligence have shown that BlackRock is actively investing in ether, which has now surpassed its investments in bitcoin. This indicates a potential shift in their investment strategy.
BlackRock's Strategic Shift
BlackRock, the world's largest asset manager, is now focusing more on ether (ETH) than bitcoin (BTC). According to Arkham Intelligence, the company has acquired $158 million worth of ether compared to $125 million in bitcoin.
Market Support for Ether
Ether is gaining institutional attention, with BlackRock increasing its purchases, coinciding with positive market dynamics. In recent days, ether has shown approximately a 6% daily gain, nearing the $3,000 mark.
Optimistic Outlook for Ether
According to forecasts from experts like Tesseract's CEO James Harris, ether may rally by 160% by the year's end. Some experts even predict that the price might reach $10,000 in the short term, fueled by rising institutional investments.
Thus, the observed increase in BlackRock's investments in ether signals a potential shift in investment focuses among leading companies. This opens new horizons for ether as a strategic asset.
