BlackRock’s Ethereum Purchase Boosts ETH to New High of $1,800

The investment giant BlackRock has made a major move in the cryptocurrency market by investing $54 million in Ethereum (ETH). This significant purchase signals increasing institutional interest and momentum for the digital asset. Ethereum-related exchange traded funds (ETFs) have also experienced strong inflows, with over $104 million flowing into these products, indicating a bullish sentiment among investors. As this positive trend continues, Ethereum has broken through the $1,800 barrier, driven by renewed investor confidence and substantial capital injection from BlackRock. The increasing volume of ETH traded is generating significant market activity.