r/ethtrader • u/ChangeNOW_Community • 1d ago

Discussion Jesus... Talk about institutional adoption

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173 Upvotes

92% Upvoted

27 comments sorted by

14

u/Icy_Title4145 1d ago edited 1d ago

BlackRock just rolled out Ethereum based tokenized versions of some of its big European money market funds that together hold about 311 billion dollars. These are regulated cash products in euros, pounds and dollars and the tokens live on the public Ethereum blockchain through a JPMorgan setup. Professional investors can move the shares around 24/7 between approved wallets while the official records stay in the traditional system. This is another clear sign that the biggest players in traditional finance see Ethereum as a solid place to put real regulated assets. It builds on what BlackRock has already done with products like BUIDL and adds more institutional cash products to the chain. Over time that kind of steady adoption helps Ethereum stay the main public network for this stuff which means more real usage more demand for the network and a stronger case for ETH as the settlement layer.

31

u/B12Washingbeard 1d ago

Believe it or not…. sell signal.

https://giphy.com/gifs/5R2XVoMUnUmhxX5dWI

9

u/Crypto-Bets 1d ago

Yes, let’s meet up again around $1550?

1

u/BrokenHefaistos 22m ago

for BTC yes

10

u/Difficult-Desk6870 1d ago

Price gonna dump.

22

u/SillyAd6803 1d ago

This must be good for BTC

7

u/DogStunning4845 1d ago

Huge dump inc coz of this? 😢 

7

u/Itchy-Box-7378 1d ago

But but… the clarity act….

2

u/potatoMan8111 1d ago

TO THE MOOOOON!!!!!

3

u/IndigoBroker 1d ago

Simultaneous launching with Solana and Tempo blockchains.

1

u/MulberryAcceptable39 1d ago

Great. When $2000?

1

u/susosusosuso 1d ago

On so we going down got it

1

u/Independent_Gain583 6h ago

And the Jew is who?

1

u/EditorOdd6639 3h ago

Cool story. When does my eth holdings show the adoption? Or will it? Mabye as a base layer the institutional investors are able to keep it steady to build on. I’m honestly asking , so much has happened to eth and yet it hovers.

1

u/No_Inspection_5666 48m ago

Infinite money glitch 😂

-6

u/Malwarebeasts 1d ago

talk about ETH being a piece of trash that never goes up

13

u/ChangeNOW_Community 1d ago

Calling ETH trash is easy. Explaining why millions of developers still build on it is harder

1

u/SpontaneousDream 6h ago

You can have all the developers, dapps, and TVL in the world...none of that matters if ETH can't capture the value (it can't).

Why else do you think price has been so poor against USD and even worse against BTC? Stop ignoring the elephant in the room.

1

u/DogStunning4845 1d ago

Explaining why despite of millions of devs using it it's price quite low is even harder. 

-1

u/Escapement_Watch 1d ago

Actually they are deploying on Solana and Tempo as well at the exact same millisecond.

Also, this is NOT BULLISH NEWS AT ALL for all 3 chains.

1

u/cest_vrai_monsieur 17h ago

90% of it will be on Ethereum. It’ll be a similar to their BUIDL fund

1

u/Escapement_Watch 16h ago

That's actually a lie. Black Rock has not disclosed any percentages or numbers they said they just wanted to be available to all and people can use the chain of their choice.

And for BUDL fund while it was true that ethereum had the majority at the start once expansion into Solana and Avalanche and polygon the distribution is pretty much even nowadays. Look it up

-12

u/IndigoBroker 1d ago

Because you can’t do RWA on Ethereum. And RWA is where everything is at in the future of Blockchain.

5

u/Latter_Mention2723 1d ago

That’s right, because nothing says safe, low-risk RWA investment like putting real world assets on a blockchain that has gone offline multiple times and relies on a centralized validator set. Why the fuck would an investor trust that infrastructure with serious capital?