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BTCC / BTCC Square / TokenpostEN /
Abraxas Capital Drops $84.7M on Ethereum—Institutional FOMO Now Fueling ETH Rally

Abraxas Capital Drops $84.7M on Ethereum—Institutional FOMO Now Fueling ETH Rally

Author:
TokenpostEN
Published:
2025-05-13 10:30:23
10
2

Abraxas Capital Acquires $84.7M in Ethereum, Fuels ETH Bullish Trend

Wall Street’s latest crypto play: Abraxas Capital just parked $84.7 million into Ethereum, doubling down on ETH as institutional money floods the space. The move comes as Ethereum network upgrades and ETF speculation drive bullish sentiment.

Why it matters: When traditional finance players start writing nine-figure checks, retail traders scramble to front-run them—until the next ’smart money’ exit, of course.

The punchline: Another hedge fund discovers digital gold... right after the 2024 bull run. Better late than never for the suits.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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