BlackRock printed 20 straight sessions of Ethereum buying with zero outflow days.

That’s a quiet real 🧠

But calling it “Wall Street picking ETH over BTC” is a stretch.

IBIT is still the flagship.

Bitcoin remains the reserve asset they can’t replace.

What’s changing is the role of Ethereum.

ETHB is not another beta wrapper, it’s a yield-bearing product.

Institutions can now hold Ethereum and get paid for it inside a regulated vehicle. That changes the allocation conversation in a way Bitcoin simply cannot.

$BTC is still the store of value, $ETH is becoming the yield and settlement layer they actually want on the books.

Watch the flows! 📈