Blackrock Invests $135 Million in Ethereum, Signaling Institutional Backing

A significant move by financial giant BlackRock has sent ripples through the crypto market. The company transferred a staggering $135 million worth of Ethereum (ETH) to Coinbase Prime, an institutional trading platform known for its high-volume capabilities and security measures. This transaction is viewed as a powerful signal of growing trust in BlackRock’s newly launched Ethereum ETF. Blackrock’s ETF, ticker ETHA, has already drawn substantial attention from investors and industry players alike.