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BlackRock Boosts Ethereum Holdings With New $20M ETH Purchase
May 4, 2025 1:00 PM +00:00•
0
This latest move brings the firm’s total ETH investment to $74 million, following a previous $54 million allocation.
JUST IN: BlackRock buys 10,955 $ETH worth $20.1 million. pic.twitter.com/jcX2eeBBlw
— Whale Insider (@WhaleInsider) May 3, 2025
The world’s largest asset manager isn’t just betting on Ethereum. BlackRock also poured $674.91 million into Bitcoin ETFs during the same period, underscoring its broader strategy of backing leading cryptocurrencies as institutional interest continues to rise.
The aggressive accumulation highlights BlackRock’s growing confidence in ETH and BTC as long-term assets in its digital portfolio.
The post BlackRock Boosts Ethereum Holdings With New $20M ETH Purchase appeared first on Coindoo.
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