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BlackRock’s Ethereum ETF Smashes 2M ETH Milestone—Wall Street Goes Full DeFi Degenerate
BlackRock’s Ethereum ETF Smashes 2M ETH Milestone—Wall Street Goes Full DeFi Degenerate
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Wall Street's crypto craving hits overdrive as BlackRock's Ethereum ETF vaults past 2 million ETH. Institutional FOMO? Confirmed.
The big money floodgates swing wide open
That 2 million ETH stack translates to roughly $6.8 billion at current prices—turns out even suits like digital yield farming when it's wrapped in an SEC-approved package.
From 'magic internet money' to mandated portfolio allocation
Funny how blockchain suddenly becomes 'innovative ledger technology' when Larry Fink needs to sell it to pension funds. The ETF now holds enough Ether to collateralize half of DeFi—not that any self-respecting crypto native would touch this sterilized version.
Watch the legacy finance crowd discover gas fees next. Priceless.
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