Ethereum ETFs have gained a lot of interest from one of the top institutional investors, BlackRock, over the past months.
BlackRock witnessed a massive rise in Ethereum ETF inflows over the past months, but ETH investors might be in trouble.ETFs have gained a lot of interest from one of the top institutional investors, BlackRock, over the past months. While that happened, the big pocketed players in the crypto space also showed interest in the king of altcoins as they stockpiled ETH.
At press time, the metric had a value of 61.2 million ETH. Its whale transaction count also increased during the same period.AMBCrypto then checked ETH’s current state to see how the token has been performing on the price front. According toAt press time, it was trading at $2,543.14 with a market capitalization of over $305 billion.This meant that ETH might as well plummet to $2k in the coming days or weeks before it starts a long-term bull rally.
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