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Etherealize Raises $40 Million for Institutional Ethereum Adoption

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by Giorgi Kostiuk

2 days ago

Etherealize, an Ethereum-focused firm, has announced that it has secured $40 million in funding to further its efforts to engage Wall Street institutions.

Etherealize's Mission

Launched in January, Etherealize aims to bridge the educational gap faced by institutions approaching Ethereum and its Ether (ETH) token. The new funds will be allocated to developing financial tools specifically designed for institutional use, including infrastructure for private trading and settlement of tokenized assets.

Institutional ETH Accumulation

The recent funding round coincides with a rise in institutional ETH accumulation. Public companies have added $1.26 billion worth of ETH, led by significant purchases from The Ether Machine and BitMine Immersion Technologies.

ETH Market Predictions

Analysts predict a 44% chance of ETH reaching $6,000 by year-end due to Federal Reserve policies and increasing corporate accumulation. However, there are warnings about potential dips to $3,350 in September.

The influx of new investments and the increasing institutional demand for ETH may have a considerable impact on the Ethereum market in the coming months.

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