Three Major Tailwinds Push ETH to $4.2K, Making Vitalik Buterin a Billionaire

Ethereum ETFs see rapid growth with 5.43M ETH accumulated by institutions U.S. policy shifts boost crypto confidence with new pro-blockchain legislation ETH breaks $4K barrier, setting sights on $4.8K and potential $8K highs Thanks to Ethereum’s powerful surge past $4,200, co-founder Vitalik Buterin is once again an on-chain billionaire. His public wallet holdings now exceed $1.03 billion, a direct result of ETH’s 22% weekly gain that has pushed the network’s market cap back above $510 billion. The rally is being driven by what looks like a perfect storm of three distinct tailwinds for Ethereum. In his own words. What does Vitalik think about all this success? CoinEdition covered his take on Ethereum’s incredible journey . Tailwind #1: Institutional Floodgates Opened for ETH Spot Ethereum ETFs have now accumulated more than 5.43 million ETH, a surge fueled by growing institutional confidence. These ETFs could soon offer staking yields if regulators approve, enhancing their appeal. Alongside the ETFs, a new trend of corporate Ethereum treasuries is emerging. Publicly listed companies like Bitmine, GameSquare, and BTCS are now buying ETH for their bala… The post Three Major Tailwinds Push ETH to $4.2K, Making Vitalik Buterin a Billionaire appeared first on Coin Edition .

Source: Coin Edition