Why would big investors at BlackRock want to invest in Ethereum?

Recently, Ethereum allowed for staking withdrawals and while many thought this will lead to some kind of complete unstaking rush and the price of ETH was going to zero because of that, the opposite ended up being true. Staked Ethereum hit a new all-time high after the staking unlock happened. The reason why this is happening is that there is now a certainty that if you put your ETH into the staking contract, you can get it out once again. There is a logical, transparent process, and how that can happen. The big question here is, Why would big investors at Black Rock want to invest in Ethereum? Ethereum is the ultimate crypto bond, if you are bullish on web3, Defi, NFTs, gaming, and other blockchains, you buy and hold Ethereum blockchain which gives you an asset to all that stuff.

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Remember that Blackrock already has a Bitcoin fund, they are 100% going to launch an Ethereum fund we just don't know when they going to do that. Of course, there would be an impact of Blackrock launching Ethereum funds. Right now, about 18 million Ethereum are sitting on centralized exchanges which is about 15% of the total supply of Ethereum. That ETH is worth about 33 billion dollars and Blackrock has about 10 trillion dollars approximately. Just 0.3% of Blackrock assets reallocated into Ethereum will buy up every single Ethereum sitting of exchanges. Black Rock is not all one competing for that 18 million sitting on exchanges, the retail buyer keeps buying ETH. Fidelity is now offering ETH to their 37 million customers, each of those people can only have half an Ethereum.

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Ethereum staking is like a black hole, it's going to suck in millions more ETH. Remember, if we double the rate of staking for the current 16% or 30%, that is all the ETH on exchanges. Blackrock may be the biggest player in this game, but they still have to compare for ETH just like everyone else. CEO Blackroci is very bullish on the dear tokenization of securities and he has even seen tokenization of securities as a major factor that is going to drive efficiencies in markets shortening value chains and improving cost and access to border range of investors. Black Rock is not alone, JP Morgan is also mega-bullish on the launch of the tokenization for real-world assets.