Is Google's New Cryptocurrency Service a Reason to Buy Ethereum or Solana?

Google announced its Multi-Party Compute (MPC) cryptocurrency custody service launching in early 2027, designed to address institutional cybersecurity concerns in blockchain adoption. While the service supports both Ethereum and Solana networks and Google is already using it to secure its own digital assets on both chains, the article suggests this provides only a mild boost to these cryptocurrencies. The competing Google Cloud Universal Ledger (GCUL) may actually divert institutional capital away from Ethereum and Solana, and existing crypto ETF flows remain soft.