Mainly, the majority of the buying has been happening through ETF issues such as BlackRock, with large buys occurring over the last few weeks. During the time of the post, the analyst noted that these institutions had scooped up $240 million in ETH in just minutes, showing the buying trend was escalating.
Giving a list of things that would happen when the SEC approves ETH staking for ETF issuers, the crypto analyst points to the fact that they would be able to earn yield on their investments. This would also make Ethereum the biggest technology in crypto, as staking brings more adoption.
