Blackrock has confirmed that they have planted $10 million as seed money for ETH ETFs, whereas BTC seed funding was only $100k.
This gives an indication that institutional investors are a lot more interested in ETH as compared to the BTC, and why should they not be? ETH has much more usage value and is being adopted by many institutions.
It would important to observe the inflows soon after ETH ETFs go live and start trading on exchanges. We could witness a substantial increase in the ETH price soon after ETFs start trading and money starts pouring into ETH.
Also remember, this could kick start a wonderful alt season, and there is also a liklihood of ETH breaking free from the BTC price movements. We have wonderful times ahead. Let's be prepared for this bull run.
This is not an investment advice, readers should do their own research before making investments. I will not be responsible for any loss incurred to the readers.
