Yeah, BlackRock’s ETHB fund really has scooped up about $251 million in $ETH over the last 20 trading days with zero outflows, which is solid institutional buying even while the price chops around. That doesn’t mean Wall Street is ditching $BTC for ETH though, Bitcoin ETFs still dwarf the ETH ones in total size and remain the core “digital gold” allocation for most big players. I think they’re just adding ETH exposure for the staking yields and its role as the actual settlement layer for tokenization stuff BlackRock itself is pushing. Smart money is treating them as complementary, not choosing one over the other.

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