by: xpoolPosted on:

BlackRock Invests $318.7 Million in Ethereum with Major Spot ETF Purchase

BlackRock’s spot Ethereum ETF acquisition of 75,500 ETH for over $318.7 million on August 12th signals growing trust and confidence from institutional investors in Ethereum’s long-term potential. This major purchase comes after the SEC approved several spot Ethereum ETFs, demonstrating a wider acceptance by traditional financial firms. BlackRock’s action underscores an increased belief in Ethereum’s future value and utility within the financial ecosystem.

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