Ethereum’s BTC ratio dropped to its lowest since March 2021, reflecting investor preference for Bitcoin during this cycle. However, World Liberty Financial’s (WLF) latest purchase of over 4,563 ETH for $15 million suggests that Ethereum still holds strong institutional appeal. “World Liberty Financial’s accumulation of ETH highlights that Ethereum maintains its position as a valuable asset for institutions,” Min Jung from Presto Research told CoinDesk.
As Bitcoin soared to $109,333 ahead of President-elect Donald Trump’s inauguration, Ethereum quietly regained momentum thanks to a significant vote of confidence from the Trump-backed initiative. While Bitcoin’s dominance continues to rise, hitting a new peak against gold and other assets, Ethereum showed resilience with an 8% price surge following WLF’s substantial investment in the token.
World Liberty Financial’s Ethereum Bet Fuels Optimism
The Trump-backed crypto project WLF, known for its strategic investments, now holds 17,980 ETH worth approximately $61.6 million. Purchased at an average price of $3,287, this recent acquisition demonstrates investor confidence in Ethereum’s long-term prospects. Following the announcement, Ethereum prices climbed from $3,193 to $3,400 in just hours.
At the time of writing, Ethereum is sitting at $3,272.14.
