Ethereum Advocacy Etherealize has closed a $ 40 million financing round to help it Blockchain mode to Wall Street within a week, and public companies have already seen adding more than $ 1.2 billion from ether to the closet.
ether He said On Wednesday, Electric Capital and Electric Capitals, which focuses on encryption, led the tour, which it will use to “continue to lead the institutional adoption of Ethereum”.
Company It was launched in January Funded by ETHEREUM Foundation and the founder of Ethereum co -Vitalik Buterin to educate institutions on Blockchain and Ether (EthDistinguished symbol.
Wall Street was not after Eth in depth as it was Bitcoin (BTC) When comparing trading and flows with relevant funds.
The co -founder of Etherealize Grant Hummer said in January that the launch of ETF, noting that the institutions lacked education on ETH, which the company wanted to address.
etherealize to use funds for institutional tools
Etherealize said that $ 40 million will be placed towards developing coding -based financial tools targeting institutions.
The company wants to build a private trading infrastructure and settle symbolic assets, a settlement platform directed to “the functioning of the distinguished institutional code”, and applications that aim to the markets of symbolic fixed income products, such as Symbolic links.
“Over the past decade, Ethereum has moved from an experience to the world’s most testing financial network,” said co -founder Danny Ryan, adding, adding that the increase will help upgrade “institutional financing to modern, secure, most accessible bars.”
Public companies add $ 1.26 billion from ETH this week
ETHEREALIZE’s raising comes after public companies in the world added $ 1.2 billion from ETH to their holdings so far this week, according to Data From the site’s strategic website.
Ether Machine, the alleged Crypto Treasury company Raise 150,000 ETH On Tuesday, at a value of $ 654 million.
On the same day, the largest Eth Holding Firm, BitMine Gemersion Technologies, said it attracted 150,000 ETH During the previous week, with Data From Arkham, its offer bought an additional $ 65 million on Wednesday.
Related to: Ether Exchange reserves drop to the lowest level in 3 years as investment funds are filled with companies
Sharplink Gaming and Yunfeng Financial in Hong Kong announced that it had bought more ETH on Tuesday, making relevant purchases worth $ 176 million and $ 44 million.
ETH is approximately 50 % of $ 6000 this year
Nick Forster, founder of encryption options platform, derivation, He said On Wednesday’s note, reduce the potential federal reserve price this month and that ETH is buying it by public companies has placed “for the potential explosives that go to the fourth quarter.”
He said that the ETH purchase companies now have approximately 4 % of the symbolic supply, and the price reduction can see these companies “keeps 6-10 % of ETH supplies by the end of the year, and places it as a major power behind ETH prices.”
Forster expected that there will be a 44 % chance that ETH would reach $ 6000 by the end of the year, and gave 30 % of the possibility of reaching this price by the end of October.
Ether is currently trading less than $ 4400, an increase of 1.8 % per day, but it decreased by 11.5 % since its peak about $ 4950 on August 24.
Commercial secrets: It can “rupture ether like 2021” where Sol merchants prepare by 10 %
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