Summary
- Institutional investors managing large sums of capital are reported to be focusing on buying Ethereum over Bitcoin.
- Arkham Intelligence reported that BlackRock bought $1.2 billion worth of Ethereum last week.
- During the same period, the amount spent on Bitcoin purchases was just $267 million, highlighting a significant difference in investment focus between the two assets.
It has been analyzed that institutional investors managing large sums of capital are focusing more on Ethereum (ETH) than Bitcoin (BTC).
On the 30th (local time), on-chain analytics platform Arkham Intelligence stated via its official X (formerly Twitter), "Last week, BlackRock purchased as much as $1.2 billion worth of Ethereum. By contrast, the amount spent on Bitcoin purchases during the same period was only $267 million. Institutional investors are currently focusing on Ethereum," the platform analyzed.
YM Lee
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