Ethereum advocacy group Etherealize raises $40 million to propel ETH onto Wall Street

Etherealize, an Ethereum-focused company, has successfully raised $40 million, accelerating the entry of ETH, the world's second-largest cryptocurrency, into Wall Street.

Led by Electric Capital and Paradigm, this round aims to deepen institutional understanding of Ethereum and accelerate its adoption in traditional finance.

This funding round comes at a critical juncture for ETH, with several publicly listed companies collectively increasing their holdings by over $1.2 billion, highlighting institutional fear of extinction and continued enthusiasm for the asset.