Ethereum (ETH) is set for a bullish surge following BlackRock’s strategic shift towards permissionless blockchain technology. This transition marks a significant endorsement of Ethereum’s open architecture over permissioned counterparts, signaling potential gains for ETH.
BlackRock’s Strategic Move to Ethereum
In a recent panel discussion at Coinbase’s State of Crypto Summit 2024, held on June 13, 2024, Samara Cohen, Chief Investment Officer of BlackRock for ETF and Index Investments, revealed that Ethereum’s permissionless blockchain emerged as a more effective option compared to private, permissioned systems.·
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