TechFlow reports on January 22 that despite Ethereum's current price hovering around $3,000—nearly 40% below its all-time high—BlackRock remains optimistic about Ethereum’s prospects in its 2026 outlook report. The report highlights Ethereum's dominant 66% share of the tokenized asset market, far surpassing competitors such as BNB Chain (10%) and Solana (5%).
Wall Street institutions are making significant investments in Ethereum-related products. BlackRock's iShares Ethereum Trust ETF now manages $11 billion in assets. JPMorgan chose the Ethereum network in December last year to launch its first tokenized money market fund, and Morgan Stanley filed for an Ethereum ETF product this January.
Digital asset firm Bitmine announced on Tuesday the purchase of an additional $100 million worth of Ethereum, bringing its total holdings to $1.3 billion. Analysts suggest that corporate buying and staking of Ethereum reduces circulating supply, potentially supporting price appreciation.
