BlackRock, Fidelity, Grayscale Increase Ethereum Holdings; Acquisition Total Touches $704 Million

Three major institutional investors, BlackRock, Fidelity Investments, and Grayscale, made significant purchases of Ethereum (ETH) on August 13th. The combined purchase amounted to an impressive 155,620 ETH worth $704.3 million. Notably, BlackRock’s investment through its ETHA fund contributed a substantial $500 million to the total acquisition.