Ethereum Price Surge Fueled by BlackRock’s Institutional Investments

BlackRock, a leading asset management firm, has been driving recent increases in Ethereum prices. Their significant investments through their Exchange-Traded Funds (ETFs), particularly as Larry Fink highlighted a 10% increase in organic base fee growth for the quarter, are directly influencing market sentiment. This is fueling speculation about Ethereum’s potential price trajectory and impacting other cryptocurrencies like Bitcoin and Layer 2 tokens.