On May 14, 2024, 4 months after the launch of the #BTC spot ETF, the first US state invested in $IBIT using pension funds. Two and a half months later, a second and third state appeared. Some friends asked me if there will be pension fund investments in the #ETH spot ETF. I think there will be, because I believe BlackRock will not invest in an unworthy asset after becoming the largest holder of the $BTC ETF, nor will it become the largest holder of the $ETH ETF, and it will not publicly state: "If you consider BTC, it accounts for around 55% of the market cap today. ETH accounts for 18%. The next reasonable investable asset is probably around 3%. It just hasn't reached that threshold or record of maturity, liquidity, etc. yet." This is also why I have a large position in BTC and ETH, but I'm not in a hurry at all. I may not be trustworthy, but BlackRock is. BlackRock's holdings speak for themselves.