Fidelity Dumps $190M in Bitcoin for Ethereum – Is ETH the New Institutional Favorite? crypto [PHJJhA5TETF]

Health Updated on August 07, 2026 EDT — Published on August 07, 2026 EDT

Fidelity just sold 1,820 BTC to grab 3,900 ETH as institutional demand shifts rapidly. ETH ETFs saw over $110M in inflows the same day. Plus, BlackRock bought 36,000 ETH—over $92M! Is Ethereum becoming Wall Street’s new crypto favorite? Here’s what this could mean for the next altcoin wave.