tl;dr
html BlackRock recently launched its first tokenized fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL), creating a buzz in the investment world. Ethereum advocate AdrianoFeria expressed optimism about BUIDL's potential impact on Ethereum's bullish trend and stated that BlackRock's su...
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BlackRock recently launched its first tokenized fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL), creating a buzz in the investment world. Ethereum advocate AdrianoFeria expressed optimism about BUIDL's potential impact on Ethereum's bullish trend and stated that BlackRock's support for institutional adoption would boost ETH's total value locked (TVL) and liquidity. This move is seen as a key development in the institutional adoption of Ethereum.
Investment manager BlackRock’s recent launch of its first tokenized fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL), has garnered widespread attention. In response to BlackRock’s development, Ethereum advocate AdrianoFeria shared an X post, forecasting BUIDL’s bullish impact on ETH. BlackRock unveiled Ethereum-based BUIDL on March 20, with tokenization identified as a key focus of the platform’s digital asset strategy. According to the analyst’s X post, Bank of New York Mellon will be in charge of supervising asset custody and management, while BlackRock will be the sole investment manager. Meanwhile, AdrianoFeria posited that institutions would prefer ETH over other Layer 1s, considering Ethereum’s adherence to security, liveliness, and stability.
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