Blackrock Buys $280M Worth Of Ethereum; Crypto Whales Are Buying Shiba Inu and Remittix For ETH Season.
The post Blackrock Buys $280M Worth Of Ethereum; Crypto Whales Are Buying Shiba Inu and Remittix For ETH Season. appeared on BitcoinEthereumNews.com.
News just broke that BlackRock, the world’s largest asset manager, has spent around $280 million on Ethereum ETFs signaling a major shift in institutional attitudes. While this bet suggests growing confidence in ETH, it’s not just Ethereum enjoying whale attention. Big holders are also scooping up Shiba Inu (SHIB) and an up-and-coming PayFi token called Remittix (RTX). With SHIB trading around $0.00001562 and Remittix (RTX) near $0.0539 after selling over 442 million tokens and raising almost $11 million, whales appear to see prime opportunities in multiple projects this season. Below is a closer look at why BlackRock’s ETH move is massive, how it’s fueling altcoin interest and why Remittix (RTX) might be the standout token for bridging fiat and crypto in the midst of this surge. BlackRock’s Ethereum Investment: A Tipping Point? BlackRock’s recent $280 million purchase in Ethereum ETFs underscores a turning tide for institutional crypto acceptance. The firm has already launched a private spot Ethereum trust, offering a gateway for major investors wanting exposure without handling actual ETH. This endorsement from a financial titan paves the way for potential spot ETFs that could flood the market with liquidity. In simpler terms, once big names start dabbling, more hedge funds, pension funds and family offices often follow suit. By betting on Ethereum-based products, BlackRock broadcasts a clear message: DeFi, layer-2 solutions and smart contracts have matured enough to warrant institutional money. This wave of interest usually benefits a wide array of tokens as new capital trickles down from ETH into altcoins. That’s why whales not only stock up on Ethereum but also eye smaller but promising tokens like Shiba Inu (SHIB) and Remittix (RTX). Shiba Inu Rides the Meme Momentum Shiba Inu is no stranger to explosive runs, fueled initially by memes and viral marketing. Lately, SHIB has inched up…
Filed under: News - @ February 9, 2025 6:18 am