Ethereum Funds See $200M Surge as Pectra Upgrade Ignites FOMO Among Investors
Wall Street’s crypto desks just had their caffeine hit—investors dumped $200M into Ethereum funds post-Pectra, chasing that sweet, sweet upgrade hype.
• Code pumps, money dumps: The network’s latest tech tweak triggered the usual cycle: devs celebrate robustness, traders front-run retail.
• Institutional FOMO: Grayscale’s filings show hedge funds allocating more to ETH—because nothing screams ’safe bet’ like volatile internet money.
Funny how these ’groundbreaking upgrades’ always seem to line up with brokers needing quarterly bonuses.