- BlackRock and Fidelity have shifted $180 million from Bitcoin to Ethereum, signaling growing institutional confidence ahead of potential ETH staking approval.
- Rising social sentiment and strategic whale activity further suggest Ethereum is becoming the top choice for both retail and institutional investors.
Ethereum [ETH] is rapidly becoming the institutional favorite—and the numbers don’t lie. In a quiet but powerful move, financial giants BlackRock and Fidelity have begun rotating capital away from Bitcoin [BTC] and into Ethereum, signaling a massive shift in confidence.
On June 2nd alone, these two institutions unloaded $180 million worth of Bitcoin and scooped up roughly 30,000 ETH—valued at around $78 million. This isn’t just portfolio rebalancing. It’s a strategic rotation toward what many now see as the future of crypto: Ethereum staking.
Also read: Cardano (ADA) Price Drops 10% — Whale Accumulation Signals Potential Recovery Ahead
ETH Staking Buzz Fuels the Surge
This flurry of institutional activity coincides with rising rumors around potential approval for Ethereum staking products. If confirmed, this could open the floodgates for even more capital to flow into ETH, as staking offers passive yield opportunities—something traditional investors find incredibly appealing.
Social Sentiment Swings Bullish
According to Santiment, Ethereum’s social sentiment is turning euphoric. For every bearish ETH mention, there are now three bullish ones. Compare that to Bitcoin’s modest 1.3:1 ratio, and the market’s bias is clear: confidence in Ethereum is gaining serious traction.
Retail traders aren’t the only ones feeling optimistic—whales are circling too.
Whales Reposition Despite Losses
One whale who bought over 13,000 ETH between December and January—now down over $15 million—is still making moves. In the past two weeks, they’ve sent 10,000 ETH (worth $24.55M) to Binance, signaling a strategic adjustment, not a retreat. The remaining 3,478 ETH still in their wallet shows conviction in Ethereum’s long-term value.
This “Great Rotation” may mark a new chapter in crypto investing. Ethereum isn’t just riding momentum—it’s earning institutional trust. If ETH staking gets the regulatory green light, expect the tide to turn even more in Ethereum’s favor.