Is BlackRock’s Soaring $ETH Fund ($1.87B) Proof Alt Season Has Landed?
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- BlackRock’s Ethereum Fund has shot up three times in the past three weeks.
- Crypto Rover showed via a chart that Bitcoin dominance is approaching resistance.
- Interest in Ethereum has risen substantially as Ali Martinez predicted $2,300.
With the crypto market showing tentative signs of early momentum, debate intensifies over whether “altcoin season” – a period where alternative cryptocurrencies significantly outperform Bitcoin – is finally arriving.
Fueling this speculation, BlackRock’s popular Ethereum (ETH) BUIDL fund tripled in value over just three weeks, reaching nearly $1.87 billion in assets under management. Analysts are now closely watching if Ethereum’s institutional pull signals the start of a broader altcoin rally.
BlackRock ETH Fund Hits $1.87B: A Catalyst for Altcoins?
Crypto analyst Ted Pillows highlighted the fund’s rapid ascent, noting that associated data showed an exponential rise in capital deployed across multiple chains, with Ethereum demonstrating dominance over other networks in this latest institutional flow.
The post Is BlackRock’s Soaring $ETH Fund ($1.87B) Proof Alt Season Has Landed? appeared first on Coin Edition.
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