Wall Street asset management giant's on-chain fund breaks $250 million, with ETH holding above $3000 due to technical and capital market resonance?

Question

[Coin World] A certain Wall Street asset management giant has launched a tokenized money market fund on Ethereum, with a scale that has already surpassed $250 million. Since September of last year, funds have been continuously flowing in—this thing is actually just moving traditional short-term yield products on-chain, relying on the logic of on-chain settlement to operate.

Interestingly, the price of ETH has recently stabilized above 3000 dollars. Technical analysts are watching for a retracement pattern, which essentially means that the price might pull back before continuing to rise. If this pattern indeed materializes, the funding and technical aspects will be in sync — on one side, real money is flowing into on-chain products, while on the other side, the network itself is holding up against resistance levels.

This combination is quite interesting: institutional funds are starting to seriously engage in on-chain asset allocation, rather than just treating blockchain as a concept to tell stories.

LightningHarvester · Accepted Answer

250 million is really a lot, but this is just the beginning.

Big institutions are starting to get serious about on-chain activities, this time it's different.

Can ETH hold up this time? It's a bit uncertain.

With such strong capital inflows, if the technicals also cooperate, it would be great.

Institutions are coming in, so retail investors need to be cautious.

This is what Web3 is supposed to look like, not just hype.

If it can hold steady at $3,000, it means something big is happening.

Actually, the most crucial thing is whether more funds will come in later.

ruggedNotShrugged · Answer

Those people on Wall Street are really starting to get serious, 250 million is just an appetizer.

It&#39;s different when institutions enter the market, ETH staying steady at 3000 is a serious signal.

Will it pull back and continue to rise? I think we&#39;ll talk about it if it breaks 3200.

MEVSandwichVictim · Answer

250 million dollars have really flowed in, this time it&#39;s not just talk.

Institutions are really starting to play seriously, no longer just talking.

ETH standing above 3000 really feels different, it&#39;s got some substance.

The funding and technical aspects have aligned, this is what we call reasonable.

These people from Wall Street have finally found a way on-chain.

GasFeeCrier · Answer

Wall Street is really getting serious, it&#39;s not just talk.

Machine Capital is indeed fierce this time, 250 million is just the beginning.

I doubt 3000 will hold above, it depends on whether institutions will continue to invest.

This time it’s not just pure speculation; there are real funds backing it.

250 million compared to ETH&#39;s market capitalization is not much, but the attitude has changed.

Capital + technology resonance? Sounds good, but in reality, we still have to see.

Wall Street investing in on-chain shows that the ecosystem indeed has something.

This retracement pattern, the technical guys are starting to draw charts and tell stories again.

Institutional entry is a good thing, but don’t get your IQ washed, everyone.

ETH holding above 3000 is the hard truth; mere talk doesn’t count.

SerumSquirrel · Answer

Institutions are really starting to place their bets, this time it&#39;s not just talk, they are truly pouring money on-chain.

Wall Street is catching the scent, and with ETH stabilizing at 3k, it has some confidence.

With both the funding and technical aspects coming together, it feels a bit different this time.

250 million is just a small amount, how much more is on the way?

Will we continue to surge after a pullback? I&#39;m just watching to see if ETH can really hold up.

It&#39;s different when institutions enter the market, no more need to listen to stories.

As long as the funds are flowing in, who cares about the shape of it?

StealthMoon · Answer

$250 million is just a drop in the bucket, the real big money hasn&#39;t arrived yet.

Institutions have really figured this wave out, but don&#39;t celebrate too early.

$3000 holds above, but the technical aspect of this retracement seems a bit weak.

When Wall Street&#39;s real money comes in, it&#39;s different; stories can be told, but money speaks louder.

If ETH breaks down again this time, institutional funds won&#39;t be able to hold up either, don&#39;t be fooled.

NFTFreezer · Answer

250 million dollars flowing on-chain, ETH holding above 3k, is this time really different?

Institutions are getting dumped with real money, it should have been like this long ago, stop just painting the pie in the sky.

Can this position at 3000 hold? Let&#39;s see the market this week.

Wall Street getting on board is indeed different, there are finally some serious matters on-chain.

Emmm, the funding and technical aspects are aligned, logically it should break through, right?

A pullback and then up? I wonder if this wave can push through in one go.

The scale of tokenization funds is so large now, is multi-chain following far off?

Institutions are playing seriously, what are retail investors still hesitating about?

Is it really going to rise this time, or is it just another cyclical eyewash?

Just hold above 3000, don’t go back to 2000 to mess around.

MetaverseVagabond · Answer

Wall Street is really starting to take it seriously, no longer just telling stories

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250 million is still a small amount, mainly because the nature of the funds has changed

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If this wave of ETH can hold above 3000, it would be considered a win, don&#39;t think too much

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Institutions getting on board like this is nothing new

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Bounce back and continue to surge? Uh... sounds nice, but it can fall just as hard

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On-chain funds are booming, but what about us retail investors?

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The convergence of funding and technicals sounds bullish, but it&#39;s still us who are getting cut loss

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Has it held above 3000 dollars? I certainly don&#39;t believe it

BearMarketBarber · Answer

The people on Wall Street are finally serious, not here to play people for suckers.

Really? 250 million is still rising? Then I need to hurry and enter a position.

Can this 3000 position hold? It feels like it&#39;s going to get smashed again.

The fact that institutions are entering is actually a bull run signal; before it was all retail investors playing.

It dips and then rises again; I&#39;ve seen this trick too many times.

But to be fair, having real money in on-chain products is a hundred times better than air projects.

As long as it can hold above, that&#39;s good enough; don&#39;t think too much.