BlackRock’s Ethereum ETF reported inflows of $20 million during a stalled market weekend, highlighting renewed institutional interest in ETH. Following this, BlackRock now holds nearly 2% of the total ETH supply.
With the Pectra hard fork on May 7 aimed at improving network capabilities and staking functions, Ethereum may attract additional institutional investments. Analysts suggest a possible upward price target of $2,520 if buying momentum persists.
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