I'd be careful with all of those tradefi or any FIs that are endorsed by known names. They've been into the game for so long and that's why it's best to avoid investing into those if you can easily invest to ETH alone by holding it on your own.
So… how long until we see $5K ETH?
It's no longer to take a while for us to see. Highest was seen during this week and we're just $300 deficit for it to see $5k.
Agreed most of them are all systemically arranged to further promote the whale's assets and to gain more profita from the price surge of those coins, sure Ethereum have a lot of potential but the recent price surge can be traced to some few artificial liqudities support from those big names all just to pump the . Market at the end.
Every move that the market is doing from ETH inflows, to other alts motion contributes to the entire market action that we see. And with all of these FIs that are coming out, I am not very confident with all of them because of how many have been abused and hacked, that's the impression that they have on me to be honest. That's the reason why I am not too optimistic with them but I know people in real life that are managing to take the risk that it bears and are profitable with what these FI projects offer to each user.