On May 14, 2024, after the #BTC spot ETF had been listed for 4 months, the first state in the United States used pension funds to buy $IBIT. Two and a half months later, the second and third states followed suit. Some friends asked me if pension funds would invest in #ETH spot ETF.

I think they will, because I believe BlackRock wouldn't invest in an unworthy asset after becoming the largest holder of $BTC ETF, nor would they become the largest holder of $ETH ETF (excluding ETHE), and publicly state:

"If you think about BTC, it's about 55% of the market value today. ETH is about 18%. The next reasonable investable asset is about 3%. It just hasn't approached that threshold or maturity, liquidity, etc. record."

This is also why I hold a large position in BTC and ETH, but I'm not in a hurry. Maybe I'm not trustworthy, but BlackRock is. The amount of BlackRock's holdings says it all.

Give it some time, just like BTC, I believe it won't disappoint us. How many people were cursing when BTC just passed the ETF at the beginning, only to be left far behind? I don't know if history will repeat itself, but I don't want to get off the bus.

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