Sooner or later all this bull pressure will make the market explode. I think most of these fillings are deals reached in OTC markets and it's not translating into the price, plus there is still a decent amount of whales and people that are up a lot getting out, so once they have all sold their BTC to institutions the price will skyrocket as exchanges are dried up.
Btw, the company Bit Digital (BTBT) recently went 100% ETH strategy, the stock crashed and it's probably undervalued to their holdings now.
We can see that companies can be as retarded as individuals to believe that it is a good idea to invest into a shitcoin such as ETH and to act as if such shitcoin has any reason to be valuable or even a good idea to hold any of it..
Well we have Blackstone and JPMorgan using ETH to tokenize some of their assets. JPM is using Base for their stablecoin and Larry Fink has mentioned he wants to tokenize the entire ETF industry, they may use ETH for that, so im considering a position in one of these proxies to get some exposure with this speculation. It doesn't really matter what we think if you can still make money on these moves and if they use ETH then ETH should go up. I don't know how's technically viable tho since last time I checked ETH was too expensive and slow for these things.