BlackRock Buys 9,955 ETH Worth $25.3 Million
BlackRock Buys 9,955 ETH Worth $25.3 Million
Global asset management giant BlackRock has reportedly acquired 9,955.3 ETH in a single transaction, valued at approximately $25.3 million. The move adds to growing speculation that BlackRock is deepening its exposure to Ethereum and the broader digital asset ecosystem.
On-chain data shows the purchase originating from a verified institutional wallet linked to BlackRock’s custody partner. While the firm has yet to release an official statement, the timing aligns with mounting anticipation around a potential Ethereum ETF approval in the U.S.
BlackRock's continued foray into crypto markets suggests a strategic long-term positioning in Web3 infrastructure. The firm already holds substantial Bitcoin exposure through its iShares Bitcoin Trust (IBIT), and this latest ETH purchase reinforces the narrative of institutional diversification beyond BTC.
Ethereum’s ongoing upgrades — including Layer 2 scaling, restaking protocols, and tokenization frameworks — are likely factors influencing BlackRock’s interest. Analysts note that large institutional inflows like this can both signal confidence and impact short-term price action.
With regulatory clarity slowly emerging and global investment firms increasingly looking to hedge against fiat debasement, Ethereum may be entering a new phase of institutional accumulation.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers should assess their own risk tolerance before investing in digital assets.
BlackRock has purchased 9,955 Ethereum worth $25.3 million, signaling increased institutional interest in ETH alongside its existing Bitcoin holdings.
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