ETH to $6000? BlackRock sells BTC for ETH, while MUTM gains momentum

In a significant shift, BlackRock has increased its Ethereum exposure amid growing speculation around Ethereum ETF staking. This move aligns with rising institutional confidence in Ethereum’s transition to a yield-generating asset. With ETH currently trading around $2,555, analysts are watching closely for a breakout that could push the token toward the $6,000 level by year-end. Meanwhile, Bitcoin (BTC) saw net outflows, suggesting a short-term pivot in institutional strategy. As Ethereum climbs, a new DeFi player, Mutuum Finance (MUTM) , is rapidly gaining traction at $0.03 in phase 5 of its presale. The project has raised over $10.7 million and attracted more than 12,100 investors emerging as a speculative favorite among those eyeing the next big crypto to watch in June. Ethereum gains institutional traction as Bitcoin faces outflows Ethereum (ETH) trades at about $2,555, as institutional buyers are back in the game after reports that BlackRock has transferred some of its crypto assets out of Bitcoin (BTC) and into ETH. The shift has been associated with the expectation of a possible Ethereum ETF staking to transform the way institutions look at ETH exposure. Bitcoin, by contrast, at around $104,000 has experienced muted outflows in the last week, indicative of a temporary slide. Even though both assets are still at the center of the broader market structure, the attention of investors in early June has shifted decidedly towards Ethereum. In the meantime, the new projects entering the market such as Mutuum Finance (MUTM) are gathering traction in the altcoin segment. Phase 5 of Mutuum Finance presale now underway The fifth phase of Mutuum Finance presale has started as the platform attracts increasing investor interest. The DeFi solution provided by Mutuum Finance operates as a scalable long-term solution instead of risky meme coins. Investor confidence remains high since Phase 5 of the presale has surpassed $10.7 million total sales and attracted more than 12,100 token holders before the following price adjustment. The presale token price has reached $0.03 during Phase 5 of the presale while the launch will bring it to $0.06. USD-pegged stablecoin and audited by CertiK Mutuum Finance will launch its fully collateralized, USD-pegged stablecoin on the Ethereum blockchain. Built to survive the collapses of algorithmic models, the stablecoin’s robust construction enables long-term stability and price consistency. The platform offers a safe foundation for digital financial transactions. Mutuum Finance is pairing state-of-the-art lending features with a robust ecosystem charting a definite course for the future of DeFi. Early investors reap rewards as community expands As the platform gains traction, Mutuum Finance continues to reward its early backers. Ten lucky investors will be selected to share a $100,000 giveaway prize each receiving $10,000 worth of MUTM tokens as a thank-you for supporting the project early on. As institutional attention shifts from Bitcoin to Ethereum, retail and early-stage investors are locking into the next breakout opportunity, Mutuum Finance (MUTM). With over $10.7 million raised and 12,100+ investors onboard in Phase 5 of its presale, this under-$0.05 DeFi token is gaining major traction. The current presale price of $0.03 offers early adopters a clear path to 100% ROI at launch, bolstered by a Certik audit, a USD-pegged stablecoin, and a powerful dual lending model. As ETH eyes $6,000, Mutuum Finance is carving out its own lane in DeFi. Don’t wait, join the presale and secure your MUTM tokens before the next price hike. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance The post ETH to $6000? BlackRock sells BTC for ETH, while MUTM gains momentum appeared first on Invezz

Source: Invezz