The largest asset manager in the world is buying the Ethereum dip to custody funds for its ETH-based exchange-traded fund (ETF).<\/p>\n
According to BlackRock\u2019s data<\/a>, the firm picked up 100,535 ETH \u2013 worth about $276.2 million at time of writing \u2013 for its iShares ETHA product.<\/p>\n BlackRock holds a total of 1,352,934 ETH worth roughly $3.71 billion, and the financial giant\u2019s total assets under management were reported<\/a> to be around $11.5 trillion in October of last year.<\/p>\n And according to on-chain data, the President of the United States\u2019 crypto project World Liberty Financial (WLFI) is also accumulating Ethereum, with blockchain \u201cde-anonymizing\u201d platform Arkham<\/a> reporting that WLFI also purchased over $307 million worth of ETH and Wrapped Bitcoin (wBTC<\/a>) and sent it to Coinbase Prime for management purposes<\/a>.<\/p>\n In a recent strategy session, crypto trader Micha\u00ebl van de Poppe told<\/a>\u00a0his 768,800 followers on the social media platform X that Bitcoin (BTC<\/a>) and Ethereum (ETH<\/a>) could hit massive new all-time highs if the current bull market extends<\/a> beyond what many are predicting.<\/p>\n The analyst gave a price target of $20,000 for ETH.<\/p>\n \u201cI think that there\u2019s a significant chance that this cycle will be longer and go higher than everybody expects. We\u2019ve had the longest bear market on altcoins. Why not have the longest, final bull market on them? Bitcoin to $500,000 and Ethereum to $20,000. Sign me up.\u201d<\/em><\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n
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<\/center><\/p>\nDisclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n